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

Centiva Capital LP increased its stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 153.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,165 shares of the real estate investment trust's stock after acquiring an additional 29,759 shares during the period. Centiva Capital LP's holdings in Ladder Capital were worth $550,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of Ladder Capital by 77.6% in the fourth quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock valued at $30,043,000 after acquiring an additional 1,172,961 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Ladder Capital during the 4th quarter worth $7,981,000. Norges Bank bought a new position in shares of Ladder Capital in the fourth quarter worth about $5,764,000. Balyasny Asset Management L.P. boosted its position in Ladder Capital by 35.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust's stock valued at $19,896,000 after buying an additional 461,739 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Ladder Capital by 98.9% during the 4th quarter. Franklin Resources Inc. now owns 832,848 shares of the real estate investment trust's stock valued at $9,320,000 after acquiring an additional 414,135 shares in the last quarter. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Stock Up 1.0%

Shares of Ladder Capital stock traded up $0.11 on Thursday, hitting $10.74. The company had a trading volume of 88,610 shares, compared to its average volume of 641,213. The stock has a 50 day moving average of $10.77 and a 200-day moving average of $11.25. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.48. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 12.49 and a beta of 1.01. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share (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 firm had revenue of $51.20 million during the quarter, compared to the consensus estimate of $65.15 million. During the same quarter in the previous year, the company earned $0.33 EPS. As a group, sell-side analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.57%. Ladder Capital's dividend payout ratio is currently 112.20%.

Analysts Set New Price Targets

Several brokerages have issued reports on LADR. Keefe, Bruyette & Woods decreased their price target 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 cut 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 assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.