10,037 Shares in Ladder Capital Corp (NYSE:LADR) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in shares of Ladder Capital Corp (NYSE:LADR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,037 shares of the real estate investment trust’s stock, valued at approximately $112,000.

Several other hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in Ladder Capital by 1,089.1% in 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 acquiring an additional 1,400,238 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Ladder Capital in the 3rd quarter valued at about $6,907,000. Stifel Financial Corp raised its holdings in Ladder Capital by 196.3% in the 3rd quarter. Stifel Financial Corp now owns 165,768 shares of the real estate investment trust’s stock valued at $1,923,000 after acquiring an additional 109,816 shares during the last quarter. Jennison Associates LLC raised its holdings in Ladder Capital by 1.6% in the 3rd quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust’s stock valued at $78,505,000 after acquiring an additional 108,079 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Ladder Capital by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after acquiring an additional 96,573 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Stock Down 0.0 %

Shares of NYSE LADR opened at $11.52 on Friday. The company has a 50 day simple moving average of $11.36 and a 200-day simple moving average of $11.57. The company has a market capitalization of $1.47 billion, a P/E ratio of 13.39 and a beta of 1.92. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. Ladder Capital Corp has a 1 year low of $10.20 and a 1 year high of $12.48.

Ladder Capital (NYSE:LADR) 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 analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.78% and a net margin of 21.36%. On average, equities research analysts predict that Ladder Capital Corp will post 1.01 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.99%. Ladder Capital’s payout ratio is currently 106.98%.

Analyst Ratings Changes

LADR has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a report on Tuesday, January 14th. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ladder Capital presently has an average rating of “Buy” and a consensus price target of $13.29.

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.