Bailard Inc. Buys Shares of 57,100 Ladder Capital Corp (NYSE:LADR)

Bailard Inc. purchased a new position in shares of Ladder Capital Corp (NYSE:LADR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 57,100 shares of the real estate investment trust’s stock, valued at approximately $657,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LADR. HB Wealth Management LLC lifted its position in shares of 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 acquiring an additional 935 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Ladder Capital by 9.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,714 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 1,129 shares during the last quarter. Keybank National Association OH boosted its position in Ladder Capital by 3.6% during the third quarter. Keybank National Association OH now owns 36,011 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 1,262 shares in the last quarter. Rhumbline Advisers grew its holdings in Ladder Capital by 0.8% in the third quarter. Rhumbline Advisers now owns 197,916 shares of the real estate investment trust’s stock valued at $2,031,000 after purchasing an additional 1,518 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Ladder Capital by 1.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 97,383 shares of the real estate investment trust’s stock valued at $999,000 after buying an additional 1,660 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Price Performance

Shares of Ladder Capital stock opened at $11.01 on Friday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 14.49 and a beta of 1.92. The company has a current ratio of 64.38, a quick ratio of 64.38 and a debt-to-equity ratio of 2.47. The business’s fifty day moving average price is $10.77 and its 200 day moving average price is $10.86. Ladder Capital Corp has a twelve month low of $8.84 and a twelve month high of $12.00.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Ladder Capital had a net margin of 18.10% and a return on equity of 9.26%. The company had revenue of $121.27 million during the quarter, compared to the consensus estimate of $63.22 million. During the same period in the previous year, the firm earned $0.28 earnings per share. As a group, research analysts anticipate that Ladder Capital Corp will post 1.13 earnings per share for the current year.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.92 annualized dividend and a yield of 8.36%. Ladder Capital’s dividend payout ratio is currently 121.05%.

Analyst Ratings Changes

Several equities analysts have weighed in on LADR shares. TheStreet downgraded shares of Ladder Capital from a “b-” rating to a “c” rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods lowered their price target on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a report on Wednesday, April 10th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $12.63.

Ladder Capital Company 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.