Centiva Capital LP Purchases 29,759 Shares of Ladder Capital Corp (NYSE:LADR)

Centiva Capital LP grew its position in Ladder Capital Corp (NYSE:LADR - Free Report) by 153.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,165 shares of the real estate investment trust's stock after purchasing an additional 29,759 shares during the quarter. Centiva Capital LP's holdings in Ladder Capital were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Access Investment Management LLC increased its stake in Ladder Capital by 0.4% in the 4th quarter. Access Investment Management LLC now owns 284,064 shares of the real estate investment trust's stock worth $3,179,000 after buying an additional 1,145 shares in the last quarter. HB Wealth Management LLC grew its position in shares of Ladder Capital by 13.4% during the fourth quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust's stock worth $191,000 after purchasing an additional 2,011 shares in the last quarter. Sterling Capital Management LLC raised its stake in Ladder Capital by 816.1% during the 4th quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 3,240 shares during the period. Capital Square LLC boosted its stake in Ladder Capital by 4.3% in the 4th quarter. Capital Square LLC now owns 79,713 shares of the real estate investment trust's stock worth $882,000 after purchasing an additional 3,251 shares during the period. Finally, Sei Investments Co. grew its holdings in Ladder Capital by 10.2% during the 4th quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust's stock valued at $425,000 after buying an additional 3,510 shares in the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped 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 report on Monday, April 7th. 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 issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.17.

Ladder Capital Trading Down 0.4 %

LADR opened at $10.40 on Friday. Ladder Capital Corp has a 12 month low of $9.68 and a 12 month high of $12.48. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The stock has a 50-day moving average of $10.85 and a 200 day moving average of $11.26. The firm has a market cap of $1.32 billion, a P/E ratio of 12.09 and a beta of 1.01.

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). The company had revenue of $51.20 million during the quarter, compared to analysts' expectations of $65.15 million. Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. During the same quarter last year, the firm posted $0.33 EPS. As a group, research analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The company 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. The ex-dividend date was Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.85%. Ladder Capital's dividend payout ratio (DPR) is presently 112.20%.

About Ladder Capital

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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