HighTower Advisors LLC Increases Holdings in Ladder Capital Corp (NYSE:LADR)

HighTower Advisors LLC grew its stake in Ladder Capital Corp (NYSE:LADR) by 48.0% in the 4th quarter, Holdings Channel reports. The firm owned 30,469 shares of the real estate investment trust’s stock after purchasing an additional 9,875 shares during the period. HighTower Advisors LLC’s holdings in Ladder Capital were worth $341,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Ladder Capital by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust’s stock valued at $18,778,000 after buying an additional 45,040 shares during the last quarter. Jane Street Group LLC boosted its holdings in Ladder Capital by 1,089.1% in the third quarter. Jane Street Group LLC now owns 1,528,802 shares of the real estate investment trust’s stock worth $17,734,000 after purchasing an additional 1,400,238 shares during the last quarter. Barclays PLC boosted its stake in shares of Ladder Capital by 28.3% in the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust’s stock worth $2,382,000 after buying an additional 45,294 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Ladder Capital by 2.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust’s stock valued at $18,799,000 after purchasing an additional 39,695 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Ladder Capital during the fourth quarter valued at approximately $4,323,000. 62.25% of the stock is owned by institutional investors.

Ladder Capital Trading Up 0.0 %

LADR stock opened at $11.42 on Wednesday. Ladder Capital Corp has a twelve month low of $10.21 and a twelve month high of $12.48. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.27 and a beta of 1.91. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. The firm’s fifty day simple moving average is $11.51 and its two-hundred day simple moving average is $11.50.

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

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.06%. Ladder Capital’s payout ratio is 106.98%.

Analyst Ratings Changes

Several analysts have issued reports on LADR shares. StockNews.com lowered Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Two 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate 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.