Ladder Capital Corp (NYSE:LADR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Ladder Capital Corp (NYSE:LADR) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,680,014 shares of the real estate investment trust’s stock after acquiring an additional 39,695 shares during the period. Victory Capital Management Inc. owned 1.32% of Ladder Capital worth $18,799,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LADR. Principal Financial Group Inc. raised its stake in shares of 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 purchasing an additional 96,573 shares in the last quarter. Aptus Capital Advisors LLC increased its holdings in Ladder Capital by 27.5% in the third quarter. Aptus Capital Advisors LLC now owns 376,784 shares of the real estate investment trust’s stock valued at $4,371,000 after buying an additional 81,233 shares during the last quarter. MQS Management LLC raised its stake in Ladder Capital by 46.6% during the third quarter. MQS Management LLC now owns 16,650 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 5,289 shares in the last quarter. Quest Partners LLC lifted its holdings in 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 buying an additional 7,027 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of 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 worth $78,505,000 after acquiring an additional 108,079 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Price Performance

Shares of LADR opened at $11.42 on Wednesday. Ladder Capital Corp has a 12 month low of $10.21 and a 12 month high of $12.48. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The stock has a fifty day moving average price of $11.38 and a 200 day moving average price of $11.55. The company has a market cap of $1.45 billion, a P/E ratio of 13.27 and a beta of 1.91.

Ladder Capital (NYSE:LADR) last released its quarterly earnings results 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%. On average, research analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.23 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.06%. Ladder Capital’s payout ratio is currently 106.98%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LADR shares. B. Riley raised Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. StockNews.com cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods decreased their price target 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. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.29.

About Ladder Capital

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.