Ladder Capital Corp (NYSE:LADR) Position Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,377 shares of the real estate investment trust’s stock after selling 1,519 shares during the period. Nisa Investment Advisors LLC’s holdings in Ladder Capital were worth $679,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in shares of Ladder Capital by 92.0% during the second quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock valued at $8,332,000 after purchasing an additional 353,530 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Ladder Capital by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,772 shares of the real estate investment trust’s stock worth $686,000 after buying an additional 2,573 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Ladder Capital in the 2nd quarter worth approximately $130,000. Creative Planning boosted its holdings in shares of Ladder Capital by 34.2% in the second quarter. Creative Planning now owns 36,393 shares of the real estate investment trust’s stock valued at $411,000 after acquiring an additional 9,275 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Ladder Capital during the third quarter valued at approximately $295,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Stock Performance

Shares of LADR opened at $11.23 on Wednesday. Ladder Capital Corp has a one year low of $10.10 and a one year high of $12.48. The company has a 50-day moving average of $11.44 and a two-hundred day moving average of $11.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 14.77 and a beta of 1.92.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.20%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

Analyst Upgrades and Downgrades

LADR has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered 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 raised Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ladder Capital has an average rating of “Buy” and an average price target of $13.29.

Ladder Capital 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.