Vanguard Holds 16.9% Stake in LTC Properties Inc.

TL;DR

**Vanguard still owns 16.9% of LTC Properties, showing strong institutional backing.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its Schedule 13G on February 13, 2024, indicating its ownership of 7,005,942 shares of LTC Properties Inc. common stock as of December 29, 2023. This represents a 16.9% beneficial ownership stake in the real estate investment trust (REIT). This filing is important for investors as it shows Vanguard's continued significant, albeit passive, interest in LTC Properties, suggesting institutional confidence in the company's long-term prospects.

Why It Matters

This filing confirms Vanguard's substantial, passive ownership in LTC Properties, signaling a vote of confidence from a major institutional investor, which can influence market perception and stability for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and provides a baseline of investor confidence.

Analyst Insight

Investors should note Vanguard's continued substantial, passive ownership as a sign of institutional stability, but recognize this filing doesn't indicate any active management changes or new strategic moves by Vanguard regarding LTC Properties.

Key Numbers

• 7,005,942 — Shares Beneficially Owned (Represents Vanguard's total holdings in LTC Properties Inc. common stock.)
• 16.9% — Percentage of Class (Indicates Vanguard's significant ownership stake in LTC Properties Inc.)
• December 29, 2023 — Event Date (The specific date as of which Vanguard's ownership was reported.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and beneficial owner
• LTC Properties Inc. (company) — issuer of the securities
• 7,005,942 (dollar_amount) — number of shares beneficially owned
• 16.9% (dollar_amount) — percentage of class beneficially owned
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in LTC Properties Inc. for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31

FAQ

From the Filing

0001104659-24-021377.txt : 20240213 0001104659-24-021377.hdr.sgml : 20240213 20240213170805 ACCESSION NUMBER: 0001104659-24-021377 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LTC PROPERTIES INC CENTRAL INDEX KEY: 0000887905 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 710720518 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42634 FILM NUMBER: 24628833 BUSINESS ADDRESS: STREET 1: 2829 TOWNSGATE ROAD STREET 2: SUITE 350 CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: 805-981-8655 MAIL ADDRESS: STREET 1: 2829 TOWNSGATE ROAD STREET 2: SUITE 350 CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01370-ltcpropertiesinc.htm SCHEDULE 13G/A ltcpropertiesinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 18)* Name of issuer:  LTC Properties Inc Title of Class of Securities:  Common Stock CUSIP Number:  502175102 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  502175102 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 60,114 7.  SOLE DISPOSITIVE POWER 6,500,562 8.  SHARED DISPOSITIVE POWER 102,865 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,603,427 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 15.95% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: LTC Properties Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 2829 Townsgate Road, Suite 350 Westlake Village, CA 91361 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: C