Allspring Global Investments Holdings LLC Takes $4.32 Million Position in Ladder Capital Corp (NYSE:LADR)

Allspring Global Investments Holdings LLC purchased a new stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 386,345 shares of the real estate investment trust's stock, valued at approximately $4,323,000. Allspring Global Investments Holdings LLC owned 0.30% of Ladder Capital as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LADR. Longboard Asset Management LP acquired a new stake in shares of Ladder Capital during the fourth quarter valued at about $160,000. Janney Montgomery Scott LLC acquired a new stake in Ladder Capital in the 4th quarter valued at approximately $112,000. SG Americas Securities LLC increased its holdings in Ladder Capital by 15.9% in the 4th quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust's stock valued at $329,000 after purchasing an additional 4,027 shares during the last quarter. HB Wealth Management LLC raised its position in Ladder Capital by 13.4% in the fourth quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust's stock valued at $191,000 after purchasing an additional 2,011 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Ladder Capital by 5.0% during the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust's stock worth $23,434,000 after purchasing an additional 96,573 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LADR shares. Keefe, Bruyette & Woods cut their price objective on Ladder Capital from $13.00 to $12.75 and set an "outperform" rating on the stock in a report on Tuesday, January 14th. B. Riley upgraded Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ladder Capital presently has a consensus rating of "Buy" and an average price target of $13.29.

Ladder Capital Trading Down 0.7 %

Shares of LADR traded down $0.09 on Friday, hitting $11.58. 398,873 shares of the stock traded hands, compared to its average volume of 556,443. The firm has a market capitalization of $1.47 billion, a P/E ratio of 13.46 and a beta of 1.92. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. Ladder Capital Corp has a 1 year low of $10.20 and a 1 year high of $12.48. The stock's 50 day moving average is $11.31 and its two-hundred day moving average is $11.56.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. As a group, sell-side analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.95%. The ex-dividend date was Tuesday, December 31st. Ladder Capital's dividend payout ratio is currently 106.98%.

About Ladder Capital

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.