Barclays PLC lifted its position in Ladder Capital Corp (NYSE:LADR - Free Report) by 28.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,403 shares of the real estate investment trust's stock after purchasing an additional 45,294 shares during the quarter. Barclays PLC owned 0.16% of Ladder Capital worth $2,382,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quest Partners LLC increased its position in shares of Ladder Capital by 13,513.5% during the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 7,027 shares in the last quarter. Quarry LP boosted its holdings in shares of Ladder Capital by 1,832.9% in the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 7,698 shares in the last quarter. MQS Management LLC acquired a new position in shares of Ladder Capital in the 2nd quarter worth approximately $128,000. Algert Global LLC bought a new stake in Ladder Capital during the 2nd quarter worth approximately $130,000. Finally, TrueMark Investments LLC acquired a new stake in Ladder Capital during the 2nd quarter valued at $174,000. 62.25% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, JMP Securities restated a "market outperform" rating and set a $13.50 target price on shares of Ladder Capital in a report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.33.
View Our Latest Report on LADR
Ladder Capital Trading Down 0.3 %
Shares of LADR stock traded down $0.04 on Thursday, reaching $11.41. 521,796 shares of the stock were exchanged, compared to its average volume of 635,026. The stock has a 50 day moving average price of $11.58 and a 200 day moving average price of $11.63. The stock has a market cap of $1.46 billion, a PE ratio of 15.01 and a beta of 1.93. Ladder Capital Corp has a one year low of $10.10 and a one year high of $12.48. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44.
Ladder Capital (NYSE:LADR - Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $128.64 million for the quarter, compared to analyst estimates of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same quarter last year, the firm earned $0.28 EPS. Equities research analysts forecast that Ladder Capital Corp will post 1.06 EPS for the current fiscal year.
Ladder Capital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Ladder Capital's dividend payout ratio (DPR) is 121.05%.
About Ladder Capital
(
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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