Nisa Investment Advisors LLC Acquires 13,152 Shares of Ladder Capital Corp (NYSE:LADR)

Nisa Investment Advisors LLC raised its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 16.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 93,022 shares of the real estate investment trust’s stock after acquiring an additional 13,152 shares during the period. Nisa Investment Advisors LLC owned approximately 0.07% of Ladder Capital worth $1,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Ladder Capital by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 11,124,634 shares of the real estate investment trust’s stock valued at $114,139,000 after acquiring an additional 49,885 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Ladder Capital by 1.6% in the 2nd quarter. BlackRock Inc. now owns 9,956,107 shares of the real estate investment trust’s stock valued at $108,024,000 after buying an additional 158,415 shares during the period. Jennison Associates LLC grew its holdings in shares of Ladder Capital by 3.5% in the 3rd quarter. Jennison Associates LLC now owns 6,050,389 shares of the real estate investment trust’s stock valued at $62,077,000 after buying an additional 204,089 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Ladder Capital by 19.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,487,417 shares of the real estate investment trust’s stock valued at $37,838,000 after buying an additional 566,610 shares during the period. Finally, State Street Corp grew its holdings in shares of Ladder Capital by 0.3% in the 2nd quarter. State Street Corp now owns 2,691,999 shares of the real estate investment trust’s stock valued at $29,818,000 after buying an additional 9,245 shares during the period. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Trading Down 1.0 %

Shares of NYSE:LADR opened at $10.40 on Tuesday. The company’s 50-day moving average price is $10.78 and its two-hundred day moving average price is $10.83. The company has a debt-to-equity ratio of 2.47, a current ratio of 64.38 and a quick ratio of 64.38. Ladder Capital Corp has a one year low of $8.84 and a one year high of $12.00. The stock has a market capitalization of $1.32 billion, a PE ratio of 12.84 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Ladder Capital had a net margin of 18.92% and a return on equity of 9.70%. The firm had revenue of $121.27 million for the quarter, compared to analysts’ expectations of $63.22 million. During the same period in the previous year, the firm posted $0.28 EPS. On average, equities analysts forecast that Ladder Capital Corp will post 1.13 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.85%. Ladder Capital’s payout ratio is 113.58%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LADR shares. TheStreet lowered shares of Ladder Capital from a “b-” rating to a “c” rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods decreased their price target on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a report on Wednesday, April 10th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $12.63.

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.