HB Wealth Management LLC Has $191,000 Position in Ladder Capital Corp (NYSE:LADR)

HB Wealth Management LLC boosted its stake in shares of Ladder Capital Corp (NYSE:LADR) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,011 shares of the real estate investment trust’s stock after buying an additional 2,011 shares during the quarter. HB Wealth Management LLC’s holdings in Ladder Capital were worth $191,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LADR. Quest Partners LLC lifted its holdings in Ladder Capital by 13,513.5% in the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 7,027 shares during the period. Quarry LP lifted its holdings in shares of Ladder Capital by 1,832.9% in the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 7,698 shares in the last quarter. Algert Global LLC acquired a new position in shares of Ladder Capital during the second quarter valued at about $130,000. MQS Management LLC increased its holdings in 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 purchasing an additional 5,289 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC grew its stake in shares of Ladder Capital by 24.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 3,360 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Price Performance

Shares of NYSE:LADR opened at $11.07 on Friday. Ladder Capital Corp has a 12 month low of $10.10 and a 12 month high of $12.48. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34. The stock has a market cap of $1.41 billion, a P/E ratio of 14.56 and a beta of 1.92. The company has a 50 day moving average of $11.45 and a 200 day moving average of $11.62.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. The company had revenue of $128.64 million for the quarter, compared to analysts’ expectations of $60.85 million. During the same period in the prior year, the business earned $0.28 earnings per share. As a group, sell-side analysts forecast that Ladder Capital Corp will post 1.04 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.31%. Ladder Capital’s dividend payout ratio (DPR) is currently 121.05%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Keefe, Bruyette & Woods dropped their price target on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus 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.