Horizon Kinetics Asset Management LLC Takes $459,000 Position in Ladder Capital Corp (NYSE:LADR)

Horizon Kinetics Asset Management LLC acquired a new stake in Ladder Capital Corp (NYSE:LADR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 41,000 shares of the real estate investment trust's stock, valued at approximately $459,000.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its position in shares of Ladder Capital by 1,089.1% in the third quarter. Jane Street Group LLC now owns 1,528,802 shares of the real estate investment trust's stock worth $17,734,000 after purchasing an additional 1,400,238 shares in the last quarter. Barclays PLC increased its stake in 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 last quarter. Victory Capital Management Inc. lifted its position in Ladder Capital by 2.4% during the 4th 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 in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Ladder Capital in the 4th quarter valued at about $4,323,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Ladder Capital in the third quarter valued at about $6,907,000. Institutional investors own 62.25% of the company's stock.

Wall Street Analyst Weigh In

LADR has been the subject of several recent research reports. B. Riley raised Ladder Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. StockNews.com cut shares of Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Ladder Capital from $13.00 to $12.75 and set an "outperform" rating for the company in a research note on Tuesday, January 14th. Two research 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 company's stock. Based on data from MarketBeat, Ladder Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.29.

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Ladder Capital Stock Performance

Ladder Capital stock traded down $0.24 during mid-day trading on Friday, hitting $11.43. 1,255,639 shares of the company's stock traded hands, compared to its average volume of 542,412. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The firm has a 50 day simple moving average of $11.44 and a two-hundred day simple moving average of $11.54. Ladder Capital Corp has a fifty-two week low of $10.20 and a fifty-two week high of $12.48. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 13.29 and a beta of 1.91.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) 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, research analysts expect that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend is Monday, March 31st. Ladder Capital's payout ratio is 106.98%.

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.