Price T Rowe Associates Inc. MD Raises Stock Holdings in Ladder Capital Corp (NYSE:LADR)

Price T Rowe Associates Inc. MD boosted its position in shares of Ladder Capital Corp (NYSE:LADR) by 10.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 71,397 shares of the real estate investment trust’s stock after acquiring an additional 6,714 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.06% of Ladder Capital worth $799,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LADR. Hsbc Holdings PLC lifted its holdings in shares of Ladder Capital by 28.2% during the fourth quarter. Hsbc Holdings PLC now owns 81,453 shares of the real estate investment trust’s stock worth $910,000 after purchasing an additional 17,920 shares during the period. TD Waterhouse Canada Inc. purchased a new position in Ladder Capital during the 4th quarter worth approximately $84,000. MetLife Investment Management LLC lifted its stake in Ladder Capital by 8.1% during the 4th quarter. MetLife Investment Management LLC now owns 69,094 shares of the real estate investment trust’s stock valued at $773,000 after acquiring an additional 5,183 shares during the period. Capital Square LLC boosted its holdings in shares of Ladder Capital by 4.3% in the 4th quarter. Capital Square LLC now owns 79,713 shares of the real estate investment trust’s stock valued at $882,000 after acquiring an additional 3,251 shares during the last quarter. Finally, Jump Financial LLC increased its stake in shares of Ladder Capital by 50.0% in the fourth quarter. Jump Financial LLC now owns 15,000 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LADR shares. Keefe, Bruyette & Woods decreased their target price on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. StockNews.com cut Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ladder Capital has a consensus rating of “Moderate Buy” and a consensus price target of $13.17.

Ladder Capital Stock Down 0.4%

LADR stock opened at $10.40 on Monday. Ladder Capital Corp has a one year low of $9.68 and a one year high of $12.48. 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 firm’s fifty day moving average is $10.83 and its 200 day moving average is $11.26. The firm has a market cap of $1.32 billion, a PE ratio of 12.09 and a beta of 1.01.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $51.20 million for the quarter, compared to analyst estimates of $65.15 million. Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. During the same quarter last year, the business earned $0.33 earnings per share. On average, research analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 112.20%.

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.