Denali Advisors LLC Acquires 74,981 Shares of Ladder Capital Corp (NYSE:LADR)

Denali Advisors LLC increased its position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 82.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,081 shares of the real estate investment trust's stock after buying an additional 74,981 shares during the period. Denali Advisors LLC owned about 0.13% of Ladder Capital worth $1,895,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LADR. KBC Group NV bought a new position in shares of Ladder Capital during the first quarter worth about $31,000. Versant Capital Management Inc bought a new position in Ladder Capital in the first quarter worth about $38,000. Sterling Capital Management LLC raised its holdings in shares of 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 last quarter. TD Waterhouse Canada Inc. bought a new position in Ladder Capital in the 4th quarter worth approximately $84,000. Finally, Cibc World Markets Corp bought a new position in Ladder Capital in the 4th quarter worth approximately $119,000. Hedge funds and other institutional investors own 62.25% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LADR. Keefe, Bruyette & Woods boosted their target price on Ladder Capital from $11.50 to $11.75 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Wall Street Zen upgraded shares of Ladder Capital from a "sell" rating to a "hold" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $13.06.

Ladder Capital Stock Down 0.4%

Shares of NYSE:LADR traded down $0.04 during trading on Friday, reaching $11.03. 986,084 shares of the company traded hands, compared to its average volume of 682,812. The firm has a fifty day simple moving average of $10.72 and a 200 day simple moving average of $10.95. The firm has a market cap of $1.41 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $12.48. The company has a quick ratio of 48.71, a current ratio of 48.72 and a debt-to-equity ratio of 1.83.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). The company had revenue of $51.20 million for the quarter, compared to analyst estimates of $65.15 million. Ladder Capital had a net margin of 21.81% and a return on equity of 7.82%. During the same period last year, the business earned $0.33 EPS. 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.34%. The ex-dividend date was Monday, June 30th. Ladder Capital's dividend payout ratio (DPR) is currently 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.