Kovitz Investment Group Partners LLC Acquires 41,911 Shares of Ladder Capital Corp (NYSE:LADR)

Kovitz Investment Group Partners LLC increased its stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 637,374 shares of the real estate investment trust's stock after acquiring an additional 41,911 shares during the quarter. Kovitz Investment Group Partners LLC owned about 0.50% of Ladder Capital worth $7,132,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its holdings in shares of Ladder Capital by 816.1% during the 4th quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 3,240 shares during the period. TD Waterhouse Canada Inc. acquired a new position in Ladder Capital in the 4th quarter valued at approximately $84,000. Janney Montgomery Scott LLC acquired a new stake in shares of Ladder Capital during the 4th quarter worth approximately $112,000. Cibc World Markets Corp acquired a new position in shares of Ladder Capital in the fourth quarter valued at $119,000. Finally, Landscape Capital Management L.L.C. bought a new position in Ladder Capital in the fourth quarter worth $129,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price target on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Finally, StockNews.com cut Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ladder Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.17.

Ladder Capital Stock Down 0.4 %

NYSE LADR opened at $10.21 on Friday. The stock's 50 day simple moving average is $11.08 and its 200 day simple moving average is $11.30. 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 Corp has a one year low of $9.68 and a one year high of $12.48. The firm has a market cap of $1.30 billion, a PE ratio of 11.87 and a beta of 1.44.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its 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 net margin of 21.36% and a return on equity of 8.77%. As a group, sell-side analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date was Monday, March 31st. Ladder Capital's dividend payout ratio is currently 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.

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