515,122 Shares in Ladder Capital Corp (NYSE:LADR) Purchased by Norges Bank

Norges Bank bought a new stake in Ladder Capital Corp (NYSE:LADR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 515,122 shares of the real estate investment trust's stock, valued at approximately $5,764,000. Norges Bank owned 0.40% of Ladder Capital at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in Ladder Capital by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust's stock valued at $18,778,000 after acquiring an additional 45,040 shares in the last quarter. Jane Street Group LLC grew its holdings in Ladder Capital by 1,089.1% during 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 purchasing an additional 1,400,238 shares in the last quarter. Barclays PLC grew its holdings in Ladder Capital by 28.3% during the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust's stock valued at $2,382,000 after purchasing an additional 45,294 shares in the last quarter. Victory Capital Management Inc. increased its stake 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 during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Ladder Capital in the 4th quarter worth $4,323,000. Institutional investors and hedge funds own 62.25% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com downgraded Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods lowered their price objective on 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, B. Riley upgraded Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Two 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $13.17.

Ladder Capital Stock Performance

Shares of LADR stock traded up $0.08 on Tuesday, hitting $10.18. 188,581 shares of the stock traded hands, compared to its average volume of 593,534. The company's fifty day moving average is $11.35 and its 200 day moving average is $11.38. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $12.48. The company has a market capitalization of $1.29 billion, a PE ratio of 11.83 and a beta of 1.44. 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 (NYSE:LADR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 9.04%. Ladder Capital's dividend payout ratio is presently 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.