Wellington Management Group LLP Acquires 1,172,961 Shares of Ladder Capital Corp (NYSE:LADR)

Wellington Management Group LLP boosted its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 77.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,684,772 shares of the real estate investment trust's stock after purchasing an additional 1,172,961 shares during the quarter. Wellington Management Group LLP owned about 2.11% of Ladder Capital worth $30,043,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LADR. Barclays PLC raised its stake in shares of Ladder Capital by 28.3% during the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust's stock worth $2,382,000 after purchasing an additional 45,294 shares during the period. SG Americas Securities LLC raised its stake in Ladder Capital by 15.9% in the 4th quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust's stock valued at $329,000 after acquiring an additional 4,027 shares during the period. Janney Montgomery Scott LLC bought a new stake in Ladder Capital in the 4th quarter valued at about $112,000. Longboard Asset Management LP bought a new stake in Ladder Capital in the 4th quarter valued at about $160,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Ladder Capital in the 4th quarter valued at about $4,323,000. Institutional investors and hedge funds own 62.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LADR. Wall Street Zen cut Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods decreased their price objective 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 analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ladder Capital currently has an average rating of "Moderate Buy" and a consensus target price of $13.17.

Ladder Capital Price Performance

NYSE LADR traded down $0.08 on Wednesday, reaching $10.43. 141,647 shares of the company's stock traded hands, compared to its average volume of 651,350. Ladder Capital Corp has a 12 month low of $9.68 and a 12 month high of $12.48. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The stock has a 50-day simple moving average of $10.46 and a 200 day simple moving average of $11.14. The stock has a market cap of $1.33 billion, a PE ratio of 12.13 and a beta of 1.01.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). The business had revenue of $51.20 million for the quarter, compared to the consensus estimate of $65.15 million. Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. During the same quarter in the previous year, the business earned $0.33 earnings per share. As a group, research analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The business 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date was Monday, March 31st. Ladder Capital's dividend payout ratio (DPR) is presently 112.20%.

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.