Charles Schwab Investment Management Inc. increased its holdings in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,678,115 shares of the real estate investment trust's stock after buying an additional 45,040 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.31% of Ladder Capital worth $18,778,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Jennison Associates LLC grew its holdings in shares of Ladder Capital by 1.6% during the third quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust's stock valued at $78,505,000 after buying an additional 108,079 shares in the last quarter. State Street Corp grew its holdings in shares of Ladder Capital by 1.9% during the third quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust's stock valued at $35,411,000 after buying an additional 54,598 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Ladder Capital by 0.3% during the third quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust's stock valued at $30,743,000 after buying an additional 8,178 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Ladder Capital by 5.0% during the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust's stock valued at $23,434,000 after buying an additional 96,573 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Ladder Capital by 1,089.1% during the third 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 in the last quarter. Hedge funds and other institutional investors own 62.25% of the company's stock.
Analyst Ratings Changes
LADR has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their price objective on Ladder Capital from $13.00 to $12.75 and set an "outperform" rating for the company in a research report on Tuesday, January 14th. StockNews.com cut Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Finally, B. Riley raised Ladder Capital to a "strong-buy" rating in a research report 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.29.
Read Our Latest Report on LADR
Ladder Capital Stock Down 2.0 %
Shares of NYSE:LADR traded down $0.24 on Friday, reaching $11.43. The company had a trading volume of 1,255,639 shares, compared to its average volume of 588,670. Ladder Capital Corp has a twelve month low of $10.21 and a twelve month high of $12.48. The stock has a 50-day moving average price of $11.45 and a 200 day moving average price of $11.52. The stock has a market capitalization of $1.45 billion, a P/E ratio of 13.29 and a beta of 1.91. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05.
Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. On average, equities analysts expect that Ladder Capital Corp will post 1.03 EPS for the current year.
Ladder Capital Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.05%. 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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