Allspring Global Investments Holdings LLC Raises Stock Holdings in Ladder Capital Corp $LADR

Allspring Global Investments Holdings LLC increased its stake in Ladder Capital Corp (NYSE:LADR) by 13.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 438,549 shares of the real estate investment trust’s stock after purchasing an additional 52,010 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.34% of Ladder Capital worth $4,714,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. KBC Group NV bought a new stake in Ladder Capital during the first quarter valued at approximately $31,000. CWM LLC boosted its stake in shares of Ladder Capital by 192.4% during the 2nd quarter. CWM LLC now owns 3,798 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,499 shares during the last quarter. Coppell Advisory Solutions LLC grew its position in shares of Ladder Capital by 138.6% during the 1st quarter. Coppell Advisory Solutions LLC now owns 8,933 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 5,189 shares during the period. Samalin Investment Counsel LLC bought a new stake in shares of Ladder Capital during the 1st quarter valued at $123,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Ladder Capital in the 1st quarter worth $172,000. Institutional investors own 62.25% of the company’s stock.

Insiders Place Their Bets

In other Ladder Capital news, Director Mark David Alexander sold 26,795 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $10.86, for a total transaction of $290,993.70. Following the sale, the director directly owned 29,229 shares in the company, valued at $317,426.94. This represents a 47.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 91,382 shares of company stock worth $1,003,501 over the last quarter. Insiders own 12.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on LADR shares. Wall Street Zen downgraded Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ladder Capital in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on Ladder Capital from $11.75 to $12.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Finally, Zacks Research lowered shares of Ladder Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $12.00.

Ladder Capital Price Performance

Shares of Ladder Capital stock opened at $10.82 on Tuesday. Ladder Capital Corp has a 52 week low of $9.68 and a 52 week high of $12.10. The stock’s 50-day simple moving average is $11.20 and its 200-day simple moving average is $10.84. The company has a quick ratio of 31.28, a current ratio of 31.28 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 9.75 and a beta of 1.09.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $56.26 million during the quarter, compared to analyst estimates of $58.57 million. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. During the same quarter in the prior year, the business earned $0.31 earnings per share. As a group, analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 8.5%. Ladder Capital’s dividend payout ratio is presently 131.43%.

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.