Balyasny Asset Management L.P. Has $19.90 Million Holdings in Ladder Capital Corp (NYSE:LADR)

Balyasny Asset Management L.P. increased its stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 35.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,777,974 shares of the real estate investment trust's stock after acquiring an additional 461,739 shares during the period. Balyasny Asset Management L.P. owned about 1.39% of Ladder Capital worth $19,896,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Ladder Capital by 77.6% in the fourth quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock valued at $30,043,000 after purchasing an additional 1,172,961 shares in the last quarter. Principal Financial Group Inc. boosted its position in Ladder Capital by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust's stock worth $23,434,000 after acquiring an additional 96,573 shares during the last quarter. Victory Capital Management Inc. grew its stake 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 worth $18,799,000 after acquiring an additional 39,695 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ladder Capital by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust's stock valued at $18,778,000 after purchasing an additional 45,040 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of 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 worth $13,687,000 after purchasing an additional 261,681 shares in the last quarter. 62.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LADR has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their price target on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. StockNews.com downgraded Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Two 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $13.17.

Ladder Capital Stock Performance

Shares of NYSE LADR traded down $0.04 during midday trading on Friday, hitting $10.40. 660,845 shares of the company's stock were exchanged, compared to its average volume of 642,068. Ladder Capital Corp has a 12 month low of $9.68 and a 12 month high of $12.48. The company's 50 day moving average price is $10.83 and its 200 day moving average price is $11.26. 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 capitalization of $1.32 billion, a PE ratio of 12.09 and a beta of 1.01.

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 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $51.20 million during the quarter, compared to analyst estimates 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 firm earned $0.33 earnings per share. As a group, analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

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

About Ladder Capital

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.