Rockefeller Capital Management L.P. acquired a new stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 66,070 shares of the real estate investment trust's stock, valued at approximately $739,000. Rockefeller Capital Management L.P. owned about 0.05% of Ladder Capital at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC grew its position in Ladder Capital by 816.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 3,240 shares during the period. Raymond James Financial Inc. bought a new stake in Ladder Capital during the fourth quarter valued at approximately $7,981,000. Martingale Asset Management L P bought a new stake in Ladder Capital during the fourth quarter valued at approximately $260,000. Renaissance Technologies LLC bought a new stake in Ladder Capital during the fourth quarter valued at approximately $1,911,000. Finally, Invesco Ltd. grew its position in Ladder Capital by 2.9% during the fourth quarter. Invesco Ltd. now owns 507,630 shares of the real estate investment trust's stock valued at $5,680,000 after buying an additional 14,521 shares during the period. 62.25% of the stock is owned by hedge funds and other institutional investors.
Ladder Capital Price Performance
NYSE:LADR traded up $0.18 during trading hours on Monday, hitting $10.40. 699,248 shares of the stock traded hands, compared to its average volume of 633,435. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.48. The stock has a 50 day moving average price of $11.08 and a 200 day moving average price of $11.31. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 12.09 and a beta of 1.44.
Ladder Capital (NYSE:LADR - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. The company had revenue of $51.20 million during the quarter, compared to analysts' expectations of $65.15 million. During the same period last year, the firm posted $0.33 EPS. Sell-side analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.
Ladder Capital Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.85%. The ex-dividend date was Monday, March 31st. Ladder Capital's dividend payout ratio (DPR) is presently 112.20%.
Analyst Ratings Changes
Several analysts recently issued reports on LADR shares. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price target on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Finally, StockNews.com downgraded shares of Ladder Capital from a "buy" rating to a "hold" rating in a report 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 stock. According to data from MarketBeat, Ladder Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.17.
Check Out Our Latest Analysis on Ladder Capital
Ladder Capital Profile
(
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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