Janney Montgomery Scott LLC Purchases Shares of 10,037 Ladder Capital Corp (NYSE:LADR)

Janney Montgomery Scott LLC purchased a new stake in Ladder Capital Corp (NYSE:LADR) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 10,037 shares of the real estate investment trust’s stock, valued at approximately $112,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings 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 valued at $329,000 after purchasing an additional 4,027 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Ladder Capital by 13.4% in the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 2,011 shares in the last quarter. Principal Financial Group Inc. raised its holdings 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. Franklin Resources Inc. raised its holdings in shares of Ladder Capital by 23.1% in the 3rd quarter. Franklin Resources Inc. now owns 418,713 shares of the real estate investment trust’s stock valued at $4,698,000 after purchasing an additional 78,562 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Ladder Capital by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock valued at $30,743,000 after purchasing an additional 8,178 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Price Performance

Shares of NYSE:LADR opened at $11.52 on Friday. The company’s fifty day moving average price is $11.36 and its 200 day moving average price is $11.57. Ladder Capital Corp has a 12 month low of $10.20 and a 12 month high of $12.48. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. The firm has a market capitalization of $1.47 billion, a P/E ratio of 13.39 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last announced 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 8.78% and a net margin of 21.36%. As a group, sell-side analysts predict that Ladder Capital Corp will post 1.01 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 7.99%. Ladder Capital’s dividend payout ratio is presently 106.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. One equities research 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 currently has a consensus rating of “Buy” and a consensus price target of $13.29.

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.