Ladder Capital Corp (NYSE:LADR) Shares Purchased by Nebula Research & Development LLC

Nebula Research & Development LLC increased its position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 292.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,406 shares of the real estate investment trust's stock after purchasing an additional 30,107 shares during the period. Nebula Research & Development LLC's holdings in Ladder Capital were worth $452,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in Ladder Capital by 77.6% during the fourth quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock worth $30,043,000 after buying an additional 1,172,961 shares during the period. Raymond James Financial Inc. acquired a new position in Ladder Capital during the fourth quarter worth $7,981,000. Norges Bank acquired a new position in Ladder Capital during the fourth quarter worth $5,764,000. Franklin Resources Inc. boosted its position in Ladder Capital by 98.9% during the fourth quarter. Franklin Resources Inc. now owns 832,848 shares of the real estate investment trust's stock worth $9,320,000 after purchasing an additional 414,135 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Ladder Capital in the fourth quarter valued at $4,323,000. Institutional investors and hedge funds own 62.25% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LADR shares. B. Riley raised shares of Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. StockNews.com cut shares of Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods reduced their target price on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $13.17.

Ladder Capital Trading Down 1.5 %

LADR stock traded down $0.16 during midday trading on Monday, hitting $10.40. The stock had a trading volume of 125,726 shares, compared to its average volume of 636,638. Ladder Capital Corp has a 12-month low of $9.68 and a 12-month high of $12.48. The firm has a market cap of $1.32 billion, a PE ratio of 12.10 and a beta of 1.01. The company's 50-day moving average price is $10.96 and its 200 day moving average price is $11.28. 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 earnings results 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 return on equity of 8.77% and a net margin of 21.36%. The business had revenue of $51.20 million for the quarter, compared to analysts' expectations of $65.15 million. During the same quarter last year, the company posted $0.33 earnings per share. On average, equities research analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

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. The ex-dividend date was Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.85%. 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.