August 25, 2023 – Bank of New York Mellon Corp Increases Stake in LTC Properties
Bank of New York Mellon Corp has significantly raised its position in shares of LTC Properties, Inc. (NYSE:LTC) during the first quarter, as per its recent filing submitted to the Securities and Exchange Commission (SEC). The institutional investor now possesses 917,887 shares of the real estate investment trust’s stock, indicating a 26.4% increase from their previous holding. Furthermore, Bank of New York Mellon Corp’s additional purchase of 191,918 shares during the period emphasizes their confidence in LTC Properties.
This substantial investment by Bank of New York Mellon Corp demonstrates their bullish stance on LTC Properties. The value of their stake is currently estimated at $32,245,000 based on the most recent SEC filing. With this acquisition, Bank of New York Mellon Corp now accounts for…
