Ladder Capital Corp (NYSE:LADR) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its stake in shares of Ladder Capital Corp (NYSE:LADR) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,340 shares of the real estate investment trust’s stock after acquiring an additional 16,543 shares during the period. State of New Jersey Common Pension Fund D owned about 0.14% of Ladder Capital worth $2,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Quest Partners LLC grew its stake in shares of Ladder Capital by 13,513.5% during the 3rd 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 grew its position in Ladder Capital by 1,832.9% during the third 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 during the period. Janney Montgomery Scott LLC purchased a new position in Ladder Capital in the fourth quarter valued at $112,000. Longboard Asset Management LP acquired a new position in shares of Ladder Capital in the fourth quarter worth about $160,000. Finally, MQS Management LLC boosted its stake in shares of Ladder Capital by 46.6% during the 3rd quarter. MQS Management LLC now owns 16,650 shares of the real estate investment trust’s stock worth $193,000 after acquiring an additional 5,289 shares in the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Trading Down 0.7 %

Shares of Ladder Capital stock opened at $11.58 on Monday. Ladder Capital Corp has a twelve month low of $10.20 and a twelve month high of $12.48. The firm’s 50-day moving average price is $11.31 and its 200 day moving average price is $11.56. 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 firm has a market capitalization of $1.47 billion, a PE ratio of 13.46 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last issued 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 8.77% and a net margin of 21.36%. On average, sell-side 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 was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date was Tuesday, December 31st. Ladder Capital’s payout ratio is 106.98%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LADR shares. Keefe, Bruyette & Woods reduced 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. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ladder Capital currently has an average rating of “Buy” and an average 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.