Wolverine Asset Management LLC Acquires Shares of 122,814 Ladder Capital Corp (NYSE:LADR)

Wolverine Asset Management LLC acquired a new stake 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 122,814 shares of the real estate investment trust's stock, valued at approximately $1,414,000. Wolverine Asset Management LLC owned about 0.10% of Ladder Capital at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in Ladder Capital by 9.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,714 shares of the real estate investment trust's stock worth $130,000 after buying an additional 1,129 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Ladder Capital by 7.2% during the fourth quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust's stock valued at $161,000 after purchasing an additional 935 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ladder Capital by 78.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,287 shares of the real estate investment trust's stock valued at $218,000 after purchasing an additional 9,347 shares in the last quarter. Peak Financial Management Inc. bought a new position in shares of Ladder Capital during the fourth quarter valued at approximately $228,000. Finally, Private Advisor Group LLC increased its stake in shares of Ladder Capital by 15.6% during the third quarter. Private Advisor Group LLC now owns 24,101 shares of the real estate investment trust's stock valued at $247,000 after purchasing an additional 3,257 shares in the last quarter. 62.25% of the stock is owned by institutional investors.

Ladder Capital Stock Up 2.9 %

Shares of NYSE:LADR traded up $0.30 during trading on Thursday, reaching $10.80. 1,276,708 shares of the stock traded hands, compared to its average volume of 641,279. Ladder Capital Corp has a 52-week low of $8.84 and a 52-week high of $12.00. The company has a debt-to-equity ratio of 2.47, a quick ratio of 64.38 and a current ratio of 64.38. The stock has a 50-day moving average of $10.76 and a two-hundred day moving average of $10.85. The stock has a market cap of $1.37 billion, a P/E ratio of 12.96 and a beta of 1.92.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Ladder Capital had a net margin of 18.92% and a return on equity of 9.70%. The company had revenue of $121.27 million for the quarter, compared to analysts' expectations of $63.22 million. During the same quarter last year, the company posted $0.28 earnings per share. As a group, sell-side analysts expect that Ladder Capital Corp will post 1.13 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.92 annualized dividend and a yield of 8.52%. Ladder Capital's payout ratio is presently 113.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LADR shares. Keefe, Bruyette & Woods decreased their target price on shares of Ladder Capital from $12.75 to $12.50 and set an "outperform" rating for the company in a research note on Wednesday, April 10th. TheStreet cut shares of Ladder Capital from a "b-" rating to a "c" rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $12.63.

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.