FJ Capital Management LLC Invests $1.32 Million in Ladder Capital Corp (NYSE:LADR)

FJ Capital Management LLC acquired a new position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 117,585 shares of the real estate investment trust's stock, valued at approximately $1,316,000. FJ Capital Management LLC owned 0.09% of Ladder Capital at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Ladder Capital by 2.8% during the fourth 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 period. Barclays PLC boosted its position in shares of Ladder Capital by 28.3% during the third quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust's stock worth $2,382,000 after buying an additional 45,294 shares during the period. Victory Capital Management Inc. boosted its position in shares of Ladder Capital by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust's stock worth $18,799,000 after buying an additional 39,695 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Ladder Capital during the fourth quarter worth about $4,323,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Ladder Capital during the fourth quarter worth about $7,981,000. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Stock Performance

NYSE:LADR traded down $0.04 on Friday, hitting $10.40. The company's stock had a trading volume of 660,845 shares, compared to its average volume of 642,068. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The stock has a fifty day moving average of $10.83 and a two-hundred day moving average of $11.26. The firm has a market capitalization of $1.32 billion, a P/E ratio of 12.09 and a beta of 1.01. Ladder Capital Corp has a one year low of $9.68 and a one year high of $12.48.

Ladder Capital (NYSE:LADR - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $51.20 million during 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 prior year, the company earned $0.33 EPS. Research analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.23 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 8.85%. Ladder Capital's dividend payout ratio is 112.20%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods dropped their target price on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. StockNews.com lowered Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Ladder Capital has a consensus rating of "Moderate Buy" and an average target price of $13.17.

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.