Waterloo Capital L.P. Increases Stock Position in Ladder Capital Corp (NYSE:LADR)

Waterloo Capital L.P. grew its holdings in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,993 shares of the real estate investment trust's stock after acquiring an additional 41,096 shares during the quarter. Waterloo Capital L.P. owned about 0.16% of Ladder Capital worth $2,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP raised 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 valued at $94,000 after buying an additional 7,698 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Ladder Capital during the fourth quarter worth approximately $112,000. Cibc World Markets Corp bought a new stake in shares of Ladder Capital in the 4th quarter worth approximately $119,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Ladder Capital in the 4th quarter valued at $129,000. Finally, Longboard Asset Management LP bought a new position in shares of Ladder Capital during the 4th quarter valued at $160,000. 62.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on LADR. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their price target on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research note 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 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $13.17.

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Ladder Capital Trading Down 1.6 %

Shares of LADR traded down $0.16 during mid-day trading on Friday, hitting $9.84. 258,404 shares of the company's stock traded hands, compared to its average volume of 618,510. 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 firm has a market capitalization of $1.25 billion, a P/E ratio of 11.44 and a beta of 1.44. The business's 50-day moving average price is $11.40 and its 200-day moving average price is $11.41. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.48.

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 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%. As a group, sell-side analysts forecast that Ladder Capital Corp will post 1.03 EPS 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. Shareholders of record on Monday, March 31st will be given a dividend of $0.23 per share. The ex-dividend date is Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 9.35%. 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.