Raymond James Financial Inc. Invests $7.98 Million in Ladder Capital Corp (NYSE:LADR)

Raymond James Financial Inc. purchased a new stake in Ladder Capital Corp (NYSE:LADR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 713,258 shares of the real estate investment trust's stock, valued at approximately $7,981,000. Raymond James Financial Inc. owned approximately 0.56% of Ladder Capital at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in shares of Ladder Capital during the fourth quarter worth $112,000. Cibc World Markets Corp acquired a new stake in shares of Ladder Capital during the fourth quarter worth $119,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Ladder Capital during the fourth quarter worth $129,000. Longboard Asset Management LP acquired a new stake in shares of Ladder Capital during the fourth quarter worth $160,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Ladder Capital by 7,907.4% during the fourth quarter. Farther Finance Advisors LLC now owns 16,255 shares of the real estate investment trust's stock worth $182,000 after purchasing an additional 16,052 shares during the period. 62.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LADR. StockNews.com cut shares of Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods dropped their price objective on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Finally, B. Riley raised shares of Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ladder Capital has an average rating of "Moderate Buy" and a consensus target price of $13.17.

Ladder Capital Price Performance

LADR traded up $0.18 on Monday, reaching $10.40. The company had a trading volume of 699,248 shares, compared to its average volume of 633,435. The company has a market capitalization of $1.32 billion, a P/E ratio of 12.09 and a beta of 1.44. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The company has a fifty day moving average of $11.08 and a 200-day moving average of $11.31. Ladder Capital Corp has a one year low of $9.68 and a one year high of $12.48.

Ladder Capital (NYSE:LADR - Get Free Report) last released its earnings results 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 for 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 period in the previous year, the business posted $0.33 EPS. As a group, equities research analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 8.85%. 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.