Allspring Global Investments Holdings LLC Makes New Investment in Ladder Capital Corp (NYSE:LADR)

Allspring Global Investments Holdings LLC bought a new position in shares of Ladder Capital Corp (NYSE:LADR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 386,345 shares of the real estate investment trust’s stock, valued at approximately $4,323,000. Allspring Global Investments Holdings LLC owned about 0.30% of Ladder Capital at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Longboard Asset Management LP acquired a new position in shares of Ladder Capital during the fourth quarter valued at about $160,000. Janney Montgomery Scott LLC acquired a new position in shares of Ladder Capital during the fourth quarter valued at about $112,000. SG Americas Securities LLC raised its position in shares of 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 valued at $329,000 after buying an additional 4,027 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Ladder Capital by 13.4% during 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 buying an additional 2,011 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of 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 valued at $23,434,000 after buying an additional 96,573 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Price Performance

Shares of Ladder Capital stock opened at $11.66 on Friday. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.55 and a beta of 1.92. Ladder Capital Corp has a 1-year low of $10.20 and a 1-year high of $12.48. The firm’s 50-day moving average price is $11.32 and its two-hundred day moving average price is $11.56.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. On average, equities analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.92 annualized dividend and a yield of 7.89%. Ladder Capital’s dividend payout ratio is 106.98%.

Analyst Ratings Changes

Several research firms recently issued reports on LADR. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price target on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ladder Capital presently has an average rating of “Buy” and a consensus price target of $13.29.

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.