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Jennison Associates LLC buys 322,916 Ladder Capital Corp shares (NYSE:LADR)

Jennison Associates LLC buys 322,916 Ladder Capital Corp shares (NYSE:LADR)

Jennison Associates LLC increased the percentage of Ladder Capital Corp (NYSE: LADR) that it owned by 10.5% during the third quarter, as indicated by the most recent statement that the company filed with the SEC. During the quarter, the fund increased its overall holdings of the real estate investment trust stock by 322,916 shares, bringing the total number of shares it possessed to 3,386,509. Jennison Associates LLC held a stake in Ladder Capital at the end of the most recent reporting period, equivalent to 2.67% of the company’s total assets, valued at $30,343,000.

Several other hedge funds have, in recent times, made various modifications to the LADR holdings that they have. Allspring Global Investments Holdings LLC made a 4.5% increase in the proportion of Ladder Capital owned by the company during the third quarter of 2018. Allspring Global Investments Holdings LLC now has 184,147 real estate investment trust shares due to the purchase of an additional 7,917 shares during the most recent quarter. The value of the combined 184,147 shares of the real estate investment trust is a total of $1,649,000. Raymond James & Associates increased the amount of Ladder Capital stock they owned by 6.2% during the third quarter. Raymond James & Associates now has 757,136 real estate investment trust shares due to purchasing an additional 44,207 shares during the most recent quarter. The value of all of Raymond James & Associates’s shares of the REIT comes to a combined total of $6,784,000. During the third quarter, AE Wealth Management LLC added 14.5% more Ladder Capital stock to its portfolio than it did in the previous quarter. AE Wealth Management LLC now has 169,512 real estate investment trust shares due to the purchase of an additional 21,405 shares during the most recent quarter. The combined value of AE Wealth Management LLC’s shares of the REIT is currently $1,519,000. Claybrook Capital LLC acquired 10.6 percent of Ladder Capital’s shares during the third quarter. After purchasing an additional 18,170 shares throughout the period, Claybrook Capital LLC now has 189,104 shares of the REIT’s stock, valued at $1,694,000. This brings the total number of shares owned by the company to 189,104. Last but certainly not least, during the third quarter of the fiscal year, Bailard Inc. made a brand new investment in Ladder Capital for 227,000 dollars. Institutional investors are the owners of 59.09% of the company’s stock. These investors have typically purchased substantial blocks of shares.

Trading of LADR shares began on Tuesday for $11.03 per share. The price was unchanged from the previous trading day. Exactly one year ago, the price per share of Ladder Capital Corporation was $8.67, but it has since increased to $12.69. The price of the stock’s moving average over the last 50 days is $10.64; over the last 200 days, it has been $10.69. The current ratio is 88.12, and the quick ratio is also 88.12. The debt-to-equity ratio in the company is 2.82, which means that there are 2.82 times as much debt as there is equity. The company currently has a market capitalization of 1.40 billion dollars, a PE ratio of 12.53, and a beta of 1.87. Each of these metrics is currently at its respective value.

In addition, the company has declared a quarterly dividend, which will be paid out on the seventeenth of this month. A dividend payment of $0.23 per share was scheduled to be made to shareholders who had turned in their records by December 31st. This payment was scheduled to be made on January 31st. The dividend will be withheld from shareholder accounts on Thursday, December 29th. This is why there is a dividend yield of 8.34% and a dividend payment of $0.92 each year. The dividend payout ratio for Ladder Capital is currently 104.55% as of right now.

Regarding LADR, analysts have compiled a significant amount of research into studies. The “neutral” rating that Bank of America had previously assigned to shares of Ladder Capital was reaffirmed by the financial institution in a report that was made public on October 31st. JMP Securities, on Tuesday, December 20th, reaffirmed their “buy” rating on shares of Ladder Capital and set their price objective for the company’s stock at $12.50. In addition, JMP Securities provided a price target of $12.50 for the stock studies. The “neutral” rating that Bank of America had previously assigned to shares of Ladder Capital was reaffirmed by the financial institution in a report that was made public on October 31st. JMP Securities, on Tuesday, December 20th, reaffirmed their “buy” rating on shares of Ladder Capital and set their price objective for the company’s stock at $12.50. In addition, JMP Securities provided a price target of $12.50 for the stock. After a significant amount of time had passed, StockNews.com finally started reporting on Ladder Capital on October 12th. They suggested that an interested party purchase the company. While one analyst recommends that investors keep their current position with the company, three others have given it a buy rating, so investors can choose which recommendation to follow. The information obtained from Bloomberg indicates that the current average rating for Ladder Capital is “Moderate Buy” and that the average price target for the company is $13.

The Loans segment originates conduit first mortgage loans secured by commercial real estate that generates a steady income stream, as well as balance sheet first mortgage loans secured by commercial real estate properties undergoing renovation, repositioning, lease-up, sale, or other changes. Commercial real estate properties secure both types of loans. Both of these loans are secured by properties used for commercial purposes.

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