MML Investors Services LLC Has $116,000 Stock Holdings in Ladder Capital Corp (NYSE:LADR)

MML Investors Services LLC raised its holdings in shares of Ladder Capital Corp (NYSE:LADR – Get Rating) by 14.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,933 shares of the real estate investment trust’s stock after purchasing an additional 1,624 shares during the quarter. MML Investors Services LLC’s holdings in Ladder Capital were worth $116,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Millennium Management LLC increased its position in Ladder Capital by 233.4% during the 2nd quarter. Millennium Management LLC now owns 1,498,869 shares of the real estate investment trust’s stock worth $15,798,000 after buying an additional 1,049,301 shares during the period. Royal Bank of Canada increased its position in Ladder Capital by 1,329.3% during the 1st quarter. Royal Bank of Canada now owns 1,062,319 shares of the real estate investment trust’s stock worth $12,610,000 after buying an additional 987,995 shares during the period. Jennison Associates LLC increased its position in Ladder Capital by 10.5% during the 3rd quarter. Jennison Associates LLC now owns 3,386,509 shares of the real estate investment trust’s stock worth $30,343,000 after buying an additional 322,916 shares during the period. Vanguard Group Inc. increased its position in Ladder Capital by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 10,681,700 shares of the real estate investment trust’s stock worth $126,791,000 after buying an additional 321,502 shares during the period. Finally, State Street Corp increased its position in shares of Ladder Capital by 13.3% in the second quarter. State Street Corp now owns 2,607,378 shares of the real estate investment trust’s stock worth $28,039,000 after purchasing an additional 305,799 shares during the period. Institutional investors and hedge funds own 59.09% of the company’s stock.

Wall Street Analyst Weigh In

LADR has been the topic of a number of recent analyst reports. JMP Securities restated a “buy” rating and issued a $12.50 price target on shares of Ladder Capital in a research report on Tuesday, December 20th. Keefe, Bruyette & Woods raised their price target on Ladder Capital from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 15th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $12.75.

Ladder Capital Stock Down 4.6 %

Shares of NYSE LADR opened at $9.91 on Monday. The stock’s fifty day moving average is $11.01 and its 200 day moving average is $10.67. The stock has a market capitalization of $1.25 billion, a P/E ratio of 8.69 and a beta of 1.89. The company has a debt-to-equity ratio of 2.77, a quick ratio of 67.08 and a current ratio of 67.08. Ladder Capital Corp has a 52 week low of $8.67 and a 52 week high of $12.69.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Saturday, December 31st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 9.28%. The ex-dividend date was Thursday, December 29th. Ladder Capital’s dividend payout ratio (DPR) is presently 80.70%.

About Ladder Capital

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Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate, and Corporate and Other. The Loans segment includes mortgage loan receivables held for investment and mortgage loan receivables held for sale.