State Street Corp. Amends LTC Properties Inc. Stake Filing
Ticker: LTC · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 887905
| Field | Detail |
|---|---|
| Company | Ltc Properties INC (LTC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment, REIT
TL;DR
**State Street just updated its passive stake in LTC Properties, no big changes.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, indicating its ownership of LTC Properties Inc. shares as of December 31, 2023. This filing updates previous disclosures, confirming State Street's continued significant, though passive, stake in the REIT. For investors, this means a large institutional holder maintains its position, which can signal stability but doesn't suggest any immediate strategic changes for LTC Properties.
Why It Matters
This filing confirms State Street Corporation's ongoing passive ownership in LTC Properties Inc., providing transparency on institutional holdings and potentially influencing investor confidence.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate risk or significant change in company control.
Analyst Insight
A smart investor would note State Street's continued passive stake as a sign of institutional confidence, but recognize this filing doesn't signal any active management changes or new investment theses for LTC Properties Inc.
Key Numbers
- 502175102 — CUSIP Number (identifies the class of securities (REIT) of LTC Properties Inc.)
- 005-42634 — SEC File Number (identifies LTC Properties Inc.'s registration with the SEC)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- LTC Properties Inc. (company) — the subject company, a Real Estate Investment Trust (REIT)
- 0000093751-24-000344 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — date of event requiring the filing
- January 29, 2024 (date) — date the filing was made
Forward-Looking Statements
- State Street Corporation will maintain its passive investment in LTC Properties Inc. for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-01-29
- LTC Properties Inc. will not experience any immediate strategic shifts due to this filing. (LTC Properties Inc.) — high confidence, target: 2024-07-29
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as indicated by 'FORM TYPE: SC 13G/A' and 'AMENDED FILING' in the document.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as explicitly stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP'.
What is the subject company of this filing?
The subject company is LTC PROPERTIES INC, identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LTC PROPERTIES INC' and 'NAME OF ISSUER: LTC PROPERTIES INC'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was 12/31/2023, as specified under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT'.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13D-1 (B), indicated by '(X) RULE 13D-1 (B)' in the 'CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding LTC PROPERTIES INC (LTC).