AlphaQuest LLC lifted its position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 1,191.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,432 shares of the real estate investment trust's stock after acquiring an additional 84,353 shares during the quarter. AlphaQuest LLC owned 0.07% of Ladder Capital worth $1,023,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jane Street Group LLC grew its position in shares of Ladder Capital by 1,089.1% during the 3rd quarter. Jane Street Group LLC now owns 1,528,802 shares of the real estate investment trust's stock valued at $17,734,000 after buying an additional 1,400,238 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Ladder Capital in the fourth quarter worth $7,981,000. Kovitz Investment Group Partners LLC acquired a new position in Ladder Capital during the 3rd quarter valued at $6,907,000. Allspring Global Investments Holdings LLC acquired a new stake in Ladder Capital during the fourth quarter worth $4,323,000. Finally, Van ECK Associates Corp grew its position in Ladder Capital by 27.2% in the fourth quarter. Van ECK Associates Corp now owns 1,223,151 shares of the real estate investment trust's stock valued at $13,687,000 after acquiring an additional 261,681 shares during the period. 62.25% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on LADR. Keefe, Bruyette & Woods cut their target price on Ladder Capital from $13.00 to $12.75 and set an "outperform" rating on the stock in a research note on Tuesday, January 14th. StockNews.com downgraded shares of Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Finally, B. Riley raised Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.29.
View Our Latest Stock Report on LADR
Ladder Capital Trading Up 2.1 %
Shares of Ladder Capital stock traded up $0.25 on Friday, reaching $11.65. The company had a trading volume of 294,916 shares, compared to its average volume of 589,283. Ladder Capital Corp has a 1 year low of $10.21 and a 1 year high of $12.48. The firm's 50-day moving average price is $11.39 and its two-hundred day moving average price is $11.55. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 13.54 and a beta of 1.91. 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, February 6th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. As a group, research analysts predict 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 will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.90%. Ladder Capital's dividend payout ratio is currently 106.98%.
Ladder Capital Company 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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