1 week Ago By Defense World Staff
Prudential Financial Inc. lessened its holdings in shares of Ladder Capital Corp (NYSE:LADR – Free Report) by 73.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 32,146 shares of the real estate investment trust’s stock after selling 89,487 shares during the period. Prudential Financial Inc.’s holdings in Ladder Capital were worth $374,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Access Investment Management LLC grew its position in Ladder Capital by 0.4% in the fourth quarter.
Access Investment Management LLC now owns 284,064 shares of the real estate investment trust’s stock valued at $3,179,000 after purchasing an additional 1,145 shares in the last quarter. HB Wealth Management LLC raised its holdings in 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 worth $191,000 after acquiring an additional 2,011 shares in the last quarter. Sei Investments Co. grew its stake in Ladder Capital by 10.
2% in the fourth quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 3,510 shares in the last quarter.
SG Americas Securities LLC boosted its holdings in shares of 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 buying an additional 4,027 shares during the last quarter.
Finally, LPL Financial LLC lifted its stake in Ladder Capital by 2.4% in the fourth quarter. LPL Financial LLC now owns 193,994 shares of the real estate investment trust’s stock valued at $2,171,000 after acquiring an additional 4,498 shares during the last quarter.
Institutional investors own 62.25% of the company’s stock. Ladder Capital Price PerformanceShares of NYSE LADR opened at $10.
53 on Thursday. 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 fifty day simple moving average of $11.
42 and a two-hundred day simple moving average of $11.42. Ladder Capital Corp has a 1-year low of $9.
68 and a 1-year high of $12.48. The firm has a market cap of $1.
34 billion, a price-to-earnings ratio of 12.24 and a beta of 1.44.
Ladder Capital (NYSE:LADR – Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) 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%. Analysts anticipate that Ladder Capital Corp will post 1.
03 earnings per share for the current year. Ladder Capital Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.
23 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.
92 annualized dividend and a dividend yield of 8.74%. Ladder Capital’s dividend payout ratio is currently 106.
98%. Wall Street Analysts Forecast GrowthA number of analysts have recently issued reports on LADR shares. Keefe, Bruyette & Woods cut their price objective on Ladder Capital from $12.
75 to $12.00 and set an “outperform” rating for the company in a research report on Monday. StockNews.
com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Finally, B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th.
Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.
17.Check Out Our Latest Report on Ladder CapitalLadder Capital Profile (Free Report)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.Further ReadingFive stocks we like better than Ladder CapitalHow to Read Stock Charts for BeginnersQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreHow to Know if a Stock Pays Dividends and When They Are Paid OutAre Tariffs Threatening Disney’s Comeback Story?ETF Screener: Uses and Step-by-Step Guide Is Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding LADR? Visit HoldingsChannel.
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