Nuveen Asset Management LLC Has $22.16 Million Stock Holdings in Ladder Capital Corp (NYSE:LADR)

Nuveen Asset Management LLC trimmed its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,980,292 shares of the real estate investment trust's stock after selling 219,846 shares during the period. Nuveen Asset Management LLC owned 1.55% of Ladder Capital worth $22,159,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LADR. Barclays PLC lifted its position in shares of Ladder Capital by 28.3% in the third quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust's stock valued at $2,382,000 after buying an additional 45,294 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Ladder Capital by 13.4% during the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust's stock worth $191,000 after purchasing an additional 2,011 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Ladder Capital by 15.9% during the 4th quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust's stock worth $329,000 after purchasing an additional 4,027 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Ladder Capital during the 4th quarter worth approximately $112,000. Finally, Longboard Asset Management LP acquired a new stake in Ladder Capital during the 4th quarter worth approximately $160,000. 62.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on LADR shares. Keefe, Bruyette & Woods dropped their price target on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Wall Street Zen cut Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $13.17.

Ladder Capital Price Performance

NYSE LADR traded up $0.03 during midday trading on Thursday, hitting $10.51. The company had a trading volume of 86,762 shares, compared to its average volume of 621,667. The company has a market capitalization of $1.34 billion, a PE ratio of 12.22 and a beta of 1.01. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The firm has a 50-day moving average price of $10.55 and a 200-day moving average price of $11.18. Ladder Capital Corp has a twelve month low of $9.68 and a twelve month high of $12.48.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $51.20 million during the quarter, compared to analyst estimates of $65.15 million. Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. During the same period in the prior year, the firm earned $0.33 earnings per share. As a group, analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 8.76%. Ladder Capital's dividend payout ratio is presently 112.20%.

Ladder Capital Company Profile

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.