Barclays PLC Boosts Holdings in Ladder Capital Corp (NYSE:LADR)

Barclays PLC increased its holdings in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 85.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 380,127 shares of the real estate investment trust's stock after buying an additional 174,724 shares during the period. Barclays PLC owned about 0.30% of Ladder Capital worth $4,254,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in LADR. Rockefeller Capital Management L.P. acquired a new position in Ladder Capital during the 4th quarter worth $739,000. Sterling Capital Management LLC lifted its stake in Ladder Capital by 816.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 3,240 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Ladder Capital during the 4th quarter worth approximately $7,981,000. Martingale Asset Management L P purchased a new stake in shares of Ladder Capital in the 4th quarter valued at approximately $260,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Ladder Capital in the 4th quarter valued at $1,911,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Stock Performance

NYSE:LADR traded up $0.08 during mid-day trading on Friday, reaching $10.57. 92,026 shares of the stock were exchanged, compared to its average volume of 635,521. The stock has a market capitalization of $1.34 billion, a P/E ratio of 12.31 and a beta of 1.44. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.48. The company has a 50 day simple moving average of $10.99 and a 200-day simple moving average of $11.29. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its 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 business had revenue of $51.20 million during the quarter, compared to analyst estimates of $65.15 million. During the same period in the previous year, the firm earned $0.33 earnings per share. Analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital's dividend payout ratio is currently 112.20%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LADR shares. Keefe, Bruyette & Woods lowered their target price on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. B. Riley raised Ladder Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, StockNews.com cut Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ladder Capital has an average rating of "Moderate Buy" and a consensus target price of $13.17.

Ladder Capital 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.