Jennison Associates LLC increased its position in Ladder Capital Corp (NYSE:LADR - Free Report) by 2.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,955,381 shares of the real estate investment trust's stock after purchasing an additional 190,867 shares during the period. Jennison Associates LLC owned 5.47% of Ladder Capital worth $79,361,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of LADR. Nisa Investment Advisors LLC lifted its holdings in Ladder Capital by 2.9% in the first quarter. Nisa Investment Advisors LLC now owns 61,118 shares of the real estate investment trust's stock worth $712,000 after acquiring an additional 1,741 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Ladder Capital by 4.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 49,336 shares of the real estate investment trust's stock worth $563,000 after acquiring an additional 2,251 shares during the last quarter. KBC Group NV bought a new position in Ladder Capital in the first quarter worth about $31,000. Sterling Capital Management LLC lifted its holdings in Ladder Capital by 816.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 3,240 shares during the last quarter. Finally, Capital Square LLC raised its holdings in shares of Ladder Capital by 4.3% during the fourth quarter. Capital Square LLC now owns 79,713 shares of the real estate investment trust's stock valued at $882,000 after buying an additional 3,251 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.
Ladder Capital Price Performance
NYSE:LADR traded up $0.12 during midday trading on Tuesday, hitting $11.04. 139,479 shares of the stock were exchanged, compared to its average volume of 681,938. Ladder Capital Corp has a one year low of $9.68 and a one year high of $12.48. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 3.30 and a beta of 1.00. The business has a 50-day moving average price of $10.72 and a two-hundred day moving average price of $10.95. The company has a current ratio of 48.72, a quick ratio of 48.71 and a debt-to-equity ratio of 1.83.
Ladder Capital (NYSE:LADR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Ladder Capital had a return on equity of 7.82% and a net margin of 21.81%. The firm had revenue of $51.20 million for the quarter, compared to the consensus estimate of $65.15 million. During the same period in the previous year, the firm earned $0.33 EPS. Sell-side analysts predict that Ladder Capital Corp will post 1.03 EPS for the current year.
Ladder Capital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.23 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 8.34%. Ladder Capital's dividend payout ratio is currently 112.20%.
Wall Street Analyst Weigh In
LADR has been the topic of a number of recent analyst reports. Wall Street Zen raised Ladder Capital from a "sell" rating to a "hold" rating in a report on Friday. Keefe, Bruyette & Woods lifted their price target on Ladder Capital from $11.50 to $11.75 and gave the company an "outperform" rating in a report on Thursday, July 10th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.06.
View Our Latest Research Report on Ladder Capital
About Ladder Capital
(
Free Report)
Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.
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