Teacher Retirement System of Texas Increases Holdings in Ladder Capital Corp (NYSE:LADR)

Teacher Retirement System of Texas grew its holdings in Ladder Capital Corp (NYSE:LADR) by 6.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 87,663 shares of the real estate investment trust’s stock after buying an additional 5,659 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Ladder Capital worth $981,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LADR. Access Investment Management LLC increased its position in shares of Ladder Capital by 0.4% during the fourth quarter. Access Investment Management LLC now owns 284,064 shares of the real estate investment trust’s stock valued at $3,179,000 after buying an additional 1,145 shares during the period. HB Wealth Management LLC grew its holdings in shares of Ladder Capital by 13.4% during the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 2,011 shares during the period. SG Americas Securities LLC raised its position in shares of Ladder Capital by 15.9% in the 4th quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust’s stock worth $329,000 after acquiring an additional 4,027 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Ladder Capital by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,633,075 shares of the real estate investment trust’s stock valued at $18,944,000 after purchasing an additional 4,282 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in shares of Ladder Capital by 18.3% during the fourth quarter. Handelsbanken Fonder AB now owns 32,300 shares of the real estate investment trust’s stock valued at $361,000 after purchasing an additional 5,000 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Stock Down 0.7 %

Shares of Ladder Capital stock opened at $11.47 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. The stock has a market capitalization of $1.46 billion, a PE ratio of 13.33 and a beta of 1.91. Ladder Capital Corp has a 52-week low of $10.21 and a 52-week high of $12.48. The company has a 50-day simple moving average of $11.51 and a two-hundred day simple moving average of $11.51.

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 for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. On average, analysts anticipate that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date of this dividend is Monday, March 31st. Ladder Capital’s payout ratio is currently 106.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. StockNews.com lowered shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently 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.