Raymond James Financial Inc. Buys 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) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 713,258 shares of the real estate investment trust's stock, valued at approximately $7,981,000. Raymond James Financial Inc. owned about 0.56% of Ladder Capital at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Quest Partners LLC boosted its position in Ladder Capital by 13,513.5% during the third 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 during the period. Quarry LP boosted its holdings in shares of Ladder Capital by 1,832.9% during the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust's stock worth $94,000 after buying an additional 7,698 shares during the period. Janney Montgomery Scott LLC acquired a new position in Ladder Capital in the 4th quarter valued at about $112,000. Longboard Asset Management LP bought a new position in Ladder Capital in the 4th quarter valued at about $160,000. Finally, HB Wealth Management LLC lifted its position in Ladder Capital by 13.4% during the fourth quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust's stock worth $191,000 after acquiring an additional 2,011 shares during the last quarter. 62.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LADR has been the topic of a number of recent research reports. StockNews.com lowered Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods dropped their target price on Ladder Capital from $13.00 to $12.75 and set an "outperform" rating for the company in a report on Tuesday, January 14th. Finally, B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $13.29.

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Ladder Capital Price Performance

Shares of NYSE:LADR traded down $0.02 during midday trading on Wednesday, hitting $11.56. The stock had a trading volume of 373,441 shares, compared to its average volume of 587,179. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $1.47 billion, a P/E ratio of 13.44 and a beta of 1.91. The company's 50-day moving average price is $11.48 and its 200-day moving average price is $11.51. Ladder Capital Corp has a fifty-two week low of $10.21 and a fifty-two week high of $12.48.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date of this dividend is Monday, March 31st. Ladder Capital's dividend payout ratio is presently 106.98%.

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.