Victory Capital Management Inc. Purchases 54,465 Shares of Ladder Capital Corp (NYSE:LADR)

Victory Capital Management Inc. raised its holdings in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,734,479 shares of the real estate investment trust's stock after acquiring an additional 54,465 shares during the period. Victory Capital Management Inc. owned about 1.36% of Ladder Capital worth $19,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Nisa Investment Advisors LLC grew its position in Ladder Capital by 2.9% during the first quarter. Nisa Investment Advisors LLC now owns 61,118 shares of the real estate investment trust's stock valued at $712,000 after acquiring an additional 1,741 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Ladder Capital by 4.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 49,336 shares of the real estate investment trust's stock valued at $563,000 after acquiring an additional 2,251 shares during the last quarter. KBC Group NV bought a new position in Ladder Capital during the first quarter valued at approximately $31,000. Sterling Capital Management LLC grew its position in 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 acquiring an additional 3,240 shares during the last quarter. Finally, Capital Square LLC grew its position in Ladder Capital by 4.3% during the fourth quarter. Capital Square LLC now owns 79,713 shares of the real estate investment trust's stock valued at $882,000 after acquiring an additional 3,251 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Trading Down 0.7%

LADR stock traded down $0.08 on Friday, reaching $11.15. The company's stock had a trading volume of 981,746 shares, compared to its average volume of 875,567. The business has a fifty day simple moving average of $10.76 and a two-hundred day simple moving average of $10.95. Ladder Capital Corp has a 12-month low of $9.68 and a 12-month high of $12.36. The firm has a market cap of $1.43 billion, a PE ratio of 15.92, a PEG ratio of 3.34 and a beta of 1.00. The company has a debt-to-equity ratio of 1.83, a quick ratio of 48.71 and a current ratio of 48.72.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. Ladder Capital had a return on equity of 7.04% and a net margin of 20.05%. The company had revenue of $56.26 million during the quarter, compared to analyst estimates of $58.57 million. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, research analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.25%. The ex-dividend date was Monday, June 30th. Ladder Capital's payout ratio is 112.20%.

Analysts Set New Price Targets

LADR has been the subject of a number of analyst reports. Wall Street Zen lowered Ladder Capital from a "hold" rating to a "sell" rating in a research note on Saturday. Keefe, Bruyette & Woods increased their price objective on Ladder Capital from $11.75 to $12.00 and gave the company an "outperform" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ladder Capital currently has a consensus rating of "Moderate Buy" and an average target price of $13.13.

Ladder Capital Company 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.