Jennison Associates LLC Has $78.51 Million Stock Position in Ladder Capital Corp (NYSE:LADR)

Jennison Associates LLC increased its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,767,687 shares of the real estate investment trust's stock after acquiring an additional 108,079 shares during the quarter. Jennison Associates LLC owned approximately 5.30% of Ladder Capital worth $78,505,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Creative Planning grew its holdings in Ladder Capital by 2.5% during the 3rd quarter. Creative Planning now owns 37,302 shares of the real estate investment trust's stock worth $433,000 after acquiring an additional 909 shares in the last quarter. Access Investment Management LLC grew its stake in Ladder Capital by 0.5% in the second quarter. Access Investment Management LLC now owns 276,678 shares of the real estate investment trust's stock worth $3,124,000 after purchasing an additional 1,355 shares in the last quarter. ProShare Advisors LLC grew its stake in Ladder Capital by 8.5% in the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust's stock worth $227,000 after purchasing an additional 1,602 shares in the last quarter. Capital Square LLC increased its holdings in Ladder Capital by 2.5% in the second quarter. Capital Square LLC now owns 74,509 shares of the real estate investment trust's stock valued at $903,000 after buying an additional 1,804 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Ladder Capital by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 60,772 shares of the real estate investment trust's stock valued at $686,000 after buying an additional 2,573 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company's stock.

Insider Activity

In related news, President Pamela Mccormack sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the transaction, the president now owns 548,863 shares in the company, valued at $6,723,571.75. This trade represents a 8.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Perelman sold 25,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the sale, the insider now owns 351,453 shares of the company's stock, valued at $4,270,153.95. This trade represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.00% of the company's stock.

Ladder Capital Trading Down 0.2 %

Ladder Capital stock opened at $11.62 on Thursday. Ladder Capital Corp has a 52-week low of $10.10 and a 52-week high of $12.48. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 15.28 and a beta of 1.94. The firm has a 50-day moving average price of $11.53 and a two-hundred day moving average price of $11.53.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The business had revenue of $128.64 million during the quarter, compared to the consensus estimate of $60.85 million. During the same period in the previous year, the firm posted $0.28 earnings per share. Sell-side analysts expect that Ladder Capital Corp will post 1 earnings per share for the current year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date was Monday, September 30th. Ladder Capital's dividend payout ratio (DPR) is 121.05%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com lowered Ladder Capital from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 26th. JMP Securities reiterated a "market outperform" rating and set a $13.50 target price on shares of Ladder Capital in a research note on Friday, August 30th. Keefe, Bruyette & Woods raised their price target on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 30th. Bank of America increased their price objective on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Monday, July 29th. Finally, B. Riley upped their target price on Ladder Capital from $13.00 to $14.00 and gave the company a "buy" rating in a report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $13.33.

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.