Lighthouse Investment Partners LLC Buys New Shares in Ladder Capital Corp (NYSE:LADR)

Lighthouse Investment Partners LLC bought a new stake in Ladder Capital Corp (NYSE:LADR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 176,852 shares of the real estate investment trust's stock, valued at approximately $1,979,000. Lighthouse Investment Partners LLC owned approximately 0.14% of Ladder Capital as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 45,040 shares in the last quarter. Barclays PLC lifted its stake in shares of Ladder Capital by 28.3% in the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust's stock valued at $2,382,000 after acquiring an additional 45,294 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Ladder Capital by 2.4% in 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 acquiring an additional 39,695 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Ladder Capital during the 4th quarter valued at $4,323,000. Finally, Raymond James Financial Inc. bought a new stake in Ladder Capital during the 4th quarter worth $7,981,000. Institutional investors own 62.25% of the company's stock.

Analysts Set New Price Targets

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

Ladder Capital Trading Down 0.4%

NYSE LADR traded down $0.04 on Monday, reaching $10.61. The company had a trading volume of 94,379 shares, compared to its average volume of 642,438. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 12.31 and a beta of 1.01. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. Ladder Capital Corp has a fifty-two week low of $9.68 and a fifty-two week high of $12.48. The business has a 50 day moving average of $10.74 and a two-hundred day moving average of $11.24.

Ladder Capital (NYSE:LADR - Get Free Report) last released 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). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. The company had revenue of $51.20 million during the quarter, compared to the consensus estimate of $65.15 million. During the same quarter last year, the firm posted $0.33 EPS. Analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date was Monday, March 31st. Ladder Capital's dividend payout ratio is presently 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.