Ladder Capital Corp (NYSE:LADR) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC grew its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 145.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,528 shares of the real estate investment trust's stock after purchasing an additional 37,675 shares during the quarter. Squarepoint Ops LLC's holdings in Ladder Capital were worth $711,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP raised its stake in shares of Ladder Capital by 77.6% during the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock worth $30,043,000 after acquiring an additional 1,172,961 shares in the last quarter. Balyasny Asset Management L.P. increased its position in shares of Ladder Capital by 35.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust's stock worth $19,896,000 after purchasing an additional 461,739 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ladder Capital by 2.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust's stock valued at $18,799,000 after purchasing an additional 39,695 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ladder Capital by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust's stock worth $18,778,000 after buying an additional 45,040 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Ladder Capital by 27.2% in the fourth quarter. Van ECK Associates Corp now owns 1,223,151 shares of the real estate investment trust's stock valued at $13,687,000 after buying an additional 261,681 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LADR shares. Wall Street Zen lowered Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods dropped their target price on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.17.

Ladder Capital Stock Performance

NYSE LADR traded up $0.09 on Thursday, hitting $10.53. 488,895 shares of the company's stock traded hands, compared to its average volume of 652,312. The firm's 50-day moving average price is $10.44 and its two-hundred day moving average price is $11.13. The firm has a market capitalization of $1.34 billion, a PE ratio of 12.24 and a beta of 1.01. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $12.48.

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 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 business had revenue of $51.20 million for the quarter, compared to analysts' expectations of $65.15 million. During the same period last year, the business earned $0.33 EPS. As a group, analysts expect that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.74%. Ladder Capital's payout ratio is 112.20%.

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.