Jennison Associates LLC Has $75.70 Million Stock Position in Ladder Capital Corp (NYSE:LADR)

Jennison Associates LLC cut its holdings in Ladder Capital Corp (NYSE:LADR) by 0.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,764,514 shares of the real estate investment trust’s stock after selling 3,173 shares during the period. Jennison Associates LLC owned approximately 5.30% of Ladder Capital worth $75,695,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new position in shares of Ladder Capital during the 4th quarter worth approximately $112,000. SG Americas Securities LLC grew its position in Ladder Capital by 15.9% during the fourth quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust’s stock worth $329,000 after buying an additional 4,027 shares in the last quarter. HB Wealth Management LLC increased its stake 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 acquiring an additional 2,011 shares during the period. Principal Financial Group Inc. raised its holdings in Ladder Capital by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after acquiring an additional 96,573 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Ladder Capital by 23.1% during the 3rd quarter. Franklin Resources Inc. now owns 418,713 shares of the real estate investment trust’s stock valued at $4,698,000 after acquiring an additional 78,562 shares during the period. 62.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LADR shares. Keefe, Bruyette & Woods decreased their price target on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ladder Capital currently has a consensus rating of “Buy” and a consensus price target of $13.29.

Ladder Capital Trading Down 1.5 %

LADR opened at $11.05 on Tuesday. The company’s 50 day moving average is $11.39 and its 200-day moving average is $11.59. The company has a market cap of $1.41 billion, a P/E ratio of 14.53 and a beta of 1.92. Ladder Capital Corp has a 1-year low of $10.10 and a 1-year high of $12.48. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.33%. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

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.