Franklin Resources Inc. Buys 414,135 Shares of Ladder Capital Corp (NYSE:LADR)

Franklin Resources Inc. boosted its stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 98.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 832,848 shares of the real estate investment trust's stock after acquiring an additional 414,135 shares during the period. Franklin Resources Inc. owned about 0.65% of Ladder Capital worth $9,320,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Janney Montgomery Scott LLC purchased a new stake in shares of Ladder Capital during the 4th quarter valued at approximately $112,000. Cibc World Markets Corp purchased a new position in shares of Ladder Capital in the 4th quarter valued at about $119,000. Longboard Asset Management LP purchased a new stake in shares of Ladder Capital during the 4th quarter worth $160,000. Farther Finance Advisors LLC increased its holdings in shares of Ladder Capital by 7,907.4% in the 4th quarter. Farther Finance Advisors LLC now owns 16,255 shares of the real estate investment trust's stock valued at $182,000 after acquiring an additional 16,052 shares during the last quarter. Finally, HB Wealth Management LLC boosted its holdings in shares of Ladder Capital by 13.4% in the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust's stock valued at $191,000 after buying an additional 2,011 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LADR. StockNews.com lowered Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods lowered their price objective on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research note 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 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.17.

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Ladder Capital Trading Up 1.0 %

Shares of LADR traded up $0.10 during midday trading on Monday, hitting $9.96. The stock had a trading volume of 133,173 shares, compared to its average volume of 619,895. The business has a 50-day simple moving average of $11.37 and a two-hundred day simple moving average of $11.39. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. Ladder Capital Corp has a fifty-two week low of $9.68 and a fifty-two week high of $12.48. The firm has a market cap of $1.27 billion, a P/E ratio of 11.58 and a beta of 1.44.

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

Ladder Capital Announces Dividend

The business 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 dividend of $0.23 per share. The ex-dividend date is Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.24%. Ladder Capital's payout ratio is 106.98%.

About Ladder Capital

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.