Raymond James Financial Inc. Purchases Shares of 713,258 Ladder Capital Corp (NYSE:LADR)

Raymond James Financial Inc. acquired a new position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 713,258 shares of the real estate investment trust's stock, valued at approximately $7,981,000. Raymond James Financial Inc. owned approximately 0.56% of Ladder Capital at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LADR. Access Investment Management LLC increased its position in Ladder Capital by 0.4% during the fourth quarter. Access Investment Management LLC now owns 284,064 shares of the real estate investment trust's stock worth $3,179,000 after buying an additional 1,145 shares in the last quarter. HB Wealth Management LLC increased its position in Ladder Capital by 13.4% during the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust's stock worth $191,000 after purchasing an additional 2,011 shares in the last quarter. Sei Investments Co. raised its stake in Ladder Capital by 10.2% in the 4th quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust's stock valued at $425,000 after purchasing an additional 3,510 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Ladder Capital by 15.9% in the 4th quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust's stock valued at $329,000 after purchasing an additional 4,027 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Ladder Capital by 2.4% during the 4th quarter. LPL Financial LLC now owns 193,994 shares of the real estate investment trust's stock worth $2,171,000 after purchasing an additional 4,498 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LADR. Keefe, Bruyette & Woods reduced 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. StockNews.com lowered Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Finally, B. Riley raised Ladder Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.17.

Ladder Capital Stock Up 1.6 %

Shares of LADR opened at $10.17 on Wednesday. Ladder Capital Corp has a fifty-two week low of $9.68 and a fifty-two week high of $12.48. The company's fifty day moving average is $11.16 and its two-hundred day moving average is $11.32. The firm has a market cap of $1.29 billion, a PE ratio of 11.82 and a beta of 1.44. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05.

Ladder Capital (NYSE:LADR - Get Free Report) last issued 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%. Analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date was Monday, March 31st. Ladder Capital's dividend payout ratio (DPR) 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.

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