Cerity Partners LLC bought a new stake in Ladder Capital Corp (NYSE:LADR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 87,442 shares of the real estate investment trust's stock, valued at approximately $979,000. Cerity Partners LLC owned 0.07% of Ladder Capital at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in Ladder Capital during the fourth quarter worth about $112,000. Cibc World Markets Corp bought a new position in shares of Ladder Capital during the fourth quarter valued at approximately $119,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Ladder Capital in the fourth quarter worth $129,000. Longboard Asset Management LP purchased a new stake in Ladder Capital during the 4th quarter valued at about $160,000. Finally, Farther Finance Advisors LLC increased its position in shares of Ladder Capital by 7,907.4% during the fourth quarter. Farther Finance Advisors LLC now owns 16,255 shares of the real estate investment trust's stock valued at $182,000 after acquiring an additional 16,052 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company's stock.
Ladder Capital Stock Down 0.0 %
Shares of Ladder Capital stock traded down $0.01 during trading on Thursday, hitting $10.22. 758,901 shares of the stock were exchanged, compared to its average volume of 632,017. Ladder Capital Corp has a 12-month low of $9.68 and a 12-month high of $12.48. 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 stock has a market cap of $1.30 billion, a price-to-earnings ratio of 11.84 and a beta of 1.44. The firm's 50-day moving average price is $11.14 and its 200 day moving average price is $11.32.
Ladder Capital (NYSE:LADR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.13). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. As a group, analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.
Ladder Capital Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.23 per share. The ex-dividend date was Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 9.01%. Ladder Capital's dividend payout ratio (DPR) is presently 106.98%.
Wall Street Analyst Weigh In
Several analysts recently commented on LADR shares. B. Riley raised Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price target 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 downgraded shares of 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Ladder Capital currently has a consensus rating of "Moderate Buy" and an average target price of $13.17.
View Our Latest Stock Report on LADR
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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