Goldman Sachs Group Inc. Acquires 62,633 Shares of Ladder Capital Corp (NYSE:LADR)

Goldman Sachs Group Inc. increased its holdings in Ladder Capital Corp (NYSE:LADR) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,249,770 shares of the real estate investment trust’s stock after acquiring an additional 62,633 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Ladder Capital were worth $37,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. HB Wealth Management LLC grew its position in Ladder Capital by 7.2% during the 4th quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 935 shares during the last quarter. Quest Partners LLC purchased a new stake in Ladder Capital during the 4th quarter valued at about $186,000. Peak Financial Management Inc. purchased a new stake in Ladder Capital during the 4th quarter valued at about $228,000. Acadian Asset Management LLC purchased a new stake in Ladder Capital during the 3rd quarter valued at about $329,000. Finally, Private Advisor Group LLC grew its position in Ladder Capital by 23.7% during the 4th quarter. Private Advisor Group LLC now owns 29,802 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 5,701 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Stock Performance

Shares of NYSE LADR opened at $11.20 on Friday. The firm’s 50-day moving average price is $10.97 and its 200-day moving average price is $11.04. The company has a quick ratio of 88.41, a current ratio of 88.40 and a debt-to-equity ratio of 2.41. The company has a market cap of $1.42 billion, a PE ratio of 14.74 and a beta of 1.92. Ladder Capital Corp has a 52-week low of $9.08 and a 52-week high of $12.00.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th 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 8.21%. The ex-dividend date is Thursday, June 27th. Ladder Capital’s payout ratio is presently 121.05%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $12.63.

Ladder Capital 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.