Almitas Capital LLC bought a new stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 145,892 shares of the real estate investment trust's stock, valued at approximately $1,633,000. Almitas Capital LLC owned 0.11% of Ladder Capital at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Ladder Capital by 77.6% in the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock worth $30,043,000 after buying an additional 1,172,961 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Ladder Capital by 5.0% in the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust's stock worth $23,434,000 after acquiring an additional 96,573 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ladder Capital by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust's stock valued at $18,799,000 after purchasing an additional 39,695 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Ladder Capital by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust's stock valued at $18,778,000 after buying an additional 45,040 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Ladder Capital by 27.2% in the fourth quarter. Van ECK Associates Corp now owns 1,223,151 shares of the real estate investment trust's stock worth $13,687,000 after purchasing an additional 261,681 shares in the last quarter. 62.25% of the stock is owned by institutional investors and hedge funds.
Ladder Capital Stock Down 0.3 %
LADR stock traded down $0.04 during midday trading on Tuesday, hitting $10.36. The company's stock had a trading volume of 395,768 shares, compared to its average volume of 637,436. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The company's fifty day moving average price is $10.94 and its 200 day moving average price is $11.28. Ladder Capital Corp has a twelve month low of $9.68 and a twelve month high of $12.48. The stock has a market capitalization of $1.32 billion, a P/E ratio of 12.04 and a beta of 1.01.
Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. The company had revenue of $51.20 million during the quarter, compared to analyst estimates of $65.15 million. During the same quarter last year, the company posted $0.33 EPS. As a group, equities research analysts predict that Ladder Capital Corp will post 1.03 EPS for the current year.
Ladder Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.23 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.88%. Ladder Capital's dividend payout ratio (DPR) is 112.20%.
Analyst Ratings Changes
Several brokerages have recently commented on LADR. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their target price on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Finally, StockNews.com lowered Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.17.
View Our Latest Research Report on Ladder Capital
About Ladder Capital
(
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.
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