Wellington Management Group LLP Buys 1,172,961 Shares of Ladder Capital Corp (NYSE:LADR)

Wellington Management Group LLP grew its stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 77.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,684,772 shares of the real estate investment trust's stock after acquiring an additional 1,172,961 shares during the quarter. Wellington Management Group LLP owned about 2.10% of Ladder Capital worth $30,043,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Ladder Capital by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust's stock worth $18,778,000 after purchasing an additional 45,040 shares during the period. Jane Street Group LLC raised its position in shares of Ladder Capital by 1,089.1% in the 3rd 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. Barclays PLC raised its position in shares of 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 in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of 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 acquiring an additional 39,695 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Ladder Capital during the 4th quarter worth approximately $4,323,000. 62.25% of the stock is owned by institutional investors and hedge funds.

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Ladder Capital Price Performance

Shares of LADR traded down $0.12 during trading hours on Friday, reaching $9.88. The stock had a trading volume of 744,616 shares, compared to its average volume of 620,517. The stock has a market capitalization of $1.26 billion, a PE ratio of 11.48 and a beta of 1.44. Ladder Capital Corp has a 12 month low of $9.68 and a 12 month high of $12.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. The company's 50-day moving average is $11.37 and its two-hundred day moving average is $11.39.

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

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 9.32%. Ladder Capital's dividend payout ratio is presently 106.98%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. B. Riley upgraded Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price target on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a report on Monday. Finally, StockNews.com lowered Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.17.

Ladder Capital 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.