Renaissance Technologies LLC Purchases New Shares in Ladder Capital Corp (NYSE:LADR)

Renaissance Technologies LLC bought a new stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 170,741 shares of the real estate investment trust's stock, valued at approximately $1,911,000. Renaissance Technologies LLC owned approximately 0.13% of Ladder Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ladder Capital by 2.8% during 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 purchasing an additional 45,040 shares in the last quarter. Barclays PLC raised its holdings 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 buying an additional 45,294 shares during the period. Victory Capital Management Inc. lifted its position in Ladder Capital by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust's stock worth $18,799,000 after buying an additional 39,695 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Ladder Capital during the 4th quarter valued at about $4,323,000. Finally, Raymond James Financial Inc. acquired a new position in Ladder Capital during the fourth quarter worth approximately $7,981,000. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Stock Up 0.8 %

Shares of NYSE LADR traded up $0.09 during trading hours on Thursday, hitting $10.53. The stock had a trading volume of 95,952 shares, compared to its average volume of 635,456. The company has a market capitalization of $1.34 billion, a P/E ratio of 12.23 and a beta of 1.44. The firm's 50-day moving average price is $11.03 and its two-hundred day moving average price is $11.30. 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 quick ratio of 38.96 and a current ratio of 38.96.

Ladder Capital (NYSE:LADR - Get Free Report) last announced 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). The firm had revenue of $51.20 million for the quarter, compared to analyst estimates of $65.15 million. Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. During the same period in the previous year, the business posted $0.33 EPS. Analysts anticipate that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.74%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital's dividend payout ratio (DPR) is presently 112.20%.

Analyst Ratings Changes

LADR has been the topic of several recent analyst reports. StockNews.com cut Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods lowered their target price on 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 research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ladder Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.17.

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.