Bank of America Corp DE raised its stake in Ladder Capital Corp (NYSE:LADR - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,430 shares of the real estate investment trust's stock after acquiring an additional 57,766 shares during the quarter. Bank of America Corp DE owned approximately 0.29% of Ladder Capital worth $4,112,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in LADR. Barclays PLC raised its holdings in shares of Ladder Capital by 28.3% in the third quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust's stock worth $2,382,000 after acquiring an additional 45,294 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Ladder Capital by 15.9% in the fourth quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust's stock worth $329,000 after acquiring an additional 4,027 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Ladder Capital in the fourth quarter worth $112,000. Longboard Asset Management LP acquired a new position in shares of Ladder Capital in the fourth quarter worth $160,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Ladder Capital in the fourth quarter worth $4,323,000. 62.25% of the stock is owned by institutional investors and hedge funds.
Ladder Capital Trading Up 1.2%
Shares of NYSE:LADR traded up $0.13 during midday trading on Tuesday, reaching $10.51. The company's stock had a trading volume of 572,448 shares, compared to its average volume of 653,372. The business has a 50 day moving average price of $10.46 and a 200 day moving average price of $11.14. 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 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 12.22 and a beta of 1.01.
Ladder Capital (NYSE:LADR - Get Free Report) last posted its quarterly 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). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. The firm had revenue of $51.20 million for the quarter, compared to analysts' expectations of $65.15 million. During the same period last year, the firm posted $0.33 EPS. Research analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current year.
Ladder Capital Announces Dividend
The company also recently declared 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. This represents a $0.92 dividend on an annualized basis and a yield of 8.76%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital's dividend payout ratio (DPR) is presently 112.20%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods lowered their price objective 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. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Ladder Capital presently has an average rating of "Moderate Buy" and an average price target of $13.17.
View Our Latest Research 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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