Charles Schwab Investment Management Inc. Increases Stock Holdings in Ladder Capital Corp (NYSE:LADR)

Charles Schwab Investment Management Inc. increased its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,678,115 shares of the real estate investment trust’s stock after buying an additional 45,040 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Ladder Capital were worth $18,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LADR. Quest Partners LLC lifted its position in shares of Ladder Capital by 13,513.5% during the 3rd 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 in the last quarter. Quarry LP lifted its holdings in 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 valued at $94,000 after purchasing an additional 7,698 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Ladder Capital in the 4th quarter valued at $112,000. Longboard Asset Management LP purchased a new position in Ladder Capital in the 4th quarter valued at $160,000. Finally, HB Wealth Management LLC lifted its holdings in 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. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Wall Street Analysts Forecast Growth

LADR has been the topic of a number of research reports. StockNews.com lowered Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods decreased their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.29.

Ladder Capital Price Performance

LADR stock opened at $11.65 on Thursday. The business has a 50 day moving average price of $11.43 and a 200 day moving average price of $11.53. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 13.54 and a beta of 1.91. Ladder Capital Corp has a fifty-two week low of $10.21 and a fifty-two week high of $12.48. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. Equities research analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date is Monday, March 31st. Ladder Capital’s payout ratio is currently 106.98%.

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.