Van ECK Associates Corp Grows Stock Holdings in Ladder Capital Corp (NYSE:LADR)

Van ECK Associates Corp boosted its holdings in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 27.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,223,151 shares of the real estate investment trust's stock after purchasing an additional 261,681 shares during the quarter. Van ECK Associates Corp owned approximately 0.96% of Ladder Capital worth $13,687,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Creative Planning raised its holdings in shares of Ladder Capital by 2.5% during the third quarter. Creative Planning now owns 37,302 shares of the real estate investment trust's stock valued at $433,000 after acquiring an additional 909 shares during the last quarter. Capital Square LLC raised its holdings in shares of Ladder Capital by 2.6% during the third quarter. Capital Square LLC now owns 76,462 shares of the real estate investment trust's stock valued at $887,000 after acquiring an additional 1,953 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of 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 valued at $191,000 after acquiring an additional 2,011 shares during the last quarter. Mount Yale Investment Advisors LLC raised its holdings in shares of Ladder Capital by 24.2% during the third quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust's stock valued at $200,000 after acquiring an additional 3,360 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Ladder Capital by 15.9% during the fourth quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust's stock valued at $329,000 after acquiring an additional 4,027 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. B. Riley raised Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price target on Ladder Capital from $13.00 to $12.75 and set an "outperform" rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $13.29.

Ladder Capital Trading Down 0.2 %

Ladder Capital stock traded down $0.03 during mid-day trading on Wednesday, hitting $11.66. The company's stock had a trading volume of 350,900 shares, compared to its average volume of 567,913. The firm has a market capitalization of $1.48 billion, a PE ratio of 13.55 and a beta of 1.92. Ladder Capital Corp has a 1 year low of $10.20 and a 1 year high of $12.48. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The stock's fifty day moving average is $11.34 and its two-hundred day moving average is $11.56.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share 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, analysts anticipate that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.23 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.92 annualized dividend and a yield of 7.89%. Ladder Capital's payout ratio is 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.