Jennison Associates LLC Has $68.26 Million Position in Ladder Capital Corp (NYSE:LADR)

Jennison Associates LLC lessened its stake in shares of Ladder Capital Corp (NYSE:LADR) by 2.0% during the fourth quarter, Holdings Channel reports. The fund owned 5,930,209 shares of the real estate investment trust’s stock after selling 120,180 shares during the quarter. Jennison Associates LLC’s holdings in Ladder Capital were worth $68,257,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Federated Hermes Inc. lifted its position in shares of Ladder Capital by 2.1% during the 4th quarter. Federated Hermes Inc. now owns 135,375 shares of the real estate investment trust’s stock valued at $1,558,000 after acquiring an additional 2,758 shares during the period. Phocas Financial Corp. lifted its position in shares of Ladder Capital by 2.0% during the 4th quarter. Phocas Financial Corp. now owns 551,360 shares of the real estate investment trust’s stock valued at $6,346,000 after acquiring an additional 10,594 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Ladder Capital by 16.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 93,022 shares of the real estate investment trust’s stock valued at $1,071,000 after acquiring an additional 13,152 shares during the period. Peak Financial Management Inc. acquired a new position in shares of Ladder Capital during the 4th quarter valued at $228,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Ladder Capital by 5.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 490,921 shares of the real estate investment trust’s stock worth $5,651,000 after buying an additional 23,600 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Stock Up 0.4 %

Ladder Capital stock opened at $10.52 on Tuesday. The firm’s fifty day moving average price is $10.76 and its two-hundred day moving average price is $10.84. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.99 and a beta of 1.92. The company has a current ratio of 64.38, a quick ratio of 64.38 and a debt-to-equity ratio of 2.47. Ladder Capital Corp has a 1-year low of $8.84 and a 1-year high of $12.00.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Ladder Capital had a net margin of 18.92% and a return on equity of 9.70%. The company had revenue of $121.27 million during the quarter, compared to the consensus estimate of $63.22 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. On average, equities research analysts predict that Ladder Capital Corp will post 1.13 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 8.75%. Ladder Capital’s dividend payout ratio (DPR) is presently 113.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LADR shares. TheStreet lowered shares of Ladder Capital from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 10th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $12.63.

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.