Lighthouse Investment Partners LLC bought a new position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 about 0.14% of Ladder Capital as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC increased its stake in Ladder Capital by 816.1% during the 4th quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock worth $41,000 after buying an additional 3,240 shares during the period. TD Waterhouse Canada Inc. bought a new position in shares of Ladder Capital in the fourth quarter valued at approximately $84,000. Janney Montgomery Scott LLC bought a new stake in Ladder Capital during the fourth quarter worth approximately $112,000. Cibc World Markets Corp bought a new stake in Ladder Capital during the fourth quarter worth approximately $119,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Ladder Capital in the 4th quarter valued at approximately $129,000. Institutional investors and hedge funds own 62.25% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods reduced their price objective on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Two investment 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.17.
Get Our Latest Analysis on Ladder Capital
Ladder Capital Trading Down 0.3%
NYSE LADR traded down $0.04 during trading hours on Friday, reaching $10.66. The company's stock had a trading volume of 551,918 shares, compared to its average volume of 643,666. The firm has a fifty day simple moving average of $10.74 and a 200-day simple moving average of $11.24. The stock has a market cap of $1.35 billion, a P/E ratio of 12.39 and a beta of 1.01. Ladder Capital Corp has a 52 week low of $9.68 and a 52 week 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.
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 for the quarter, missing the consensus estimate 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 in the prior year, the firm earned $0.33 EPS. Equities analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.
Ladder Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.63%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital's dividend payout ratio (DPR) is presently 112.20%.
Ladder Capital Profile
(
Free Report)
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.
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