HRT Financial LLC acquired a new position in Ladder Capital Corp (NYSE:LADR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,000 shares of the real estate investment trust’s stock, valued at approximately $371,000.
Several other hedge funds have also made changes to their positions in LADR. Wells Fargo & Company MN grew its stake in shares of Ladder Capital by 11.6% in the third quarter. Wells Fargo & Company MN now owns 371,083 shares of the real estate investment trust’s stock valued at $6,285,000 after acquiring an additional 38,479 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Ladder Capital in the fourth quarter valued at about $401,000. Signition LP acquired a new position in shares of Ladder Capital in the fourth quarter valued at about $251,000. TIAA CREF Investment Management LLC grew its stake in shares of Ladder Capital by 26.8% in the third quarter. TIAA CREF Investment Management LLC now owns 1,045,043 shares of the real estate investment trust’s stock valued at $17,703,000 after acquiring an additional 220,693 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Ladder Capital by 19.0% during the fourth quarter. Geode Capital Management LLC now owns 1,321,233 shares of the real estate investment trust’s stock worth $20,438,000 after buying an additional 210,632 shares in the last quarter. 52.75% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on LADR. Deutsche Bank downgraded shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. ValuEngine upgraded shares of Ladder Capital from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Zacks Investment Research downgraded shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, TheStreet upgraded shares of Ladder Capital from a “c” rating to a “b” rating in a research note on Thursday, March 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Ladder Capital has an average rating of “Hold” and a consensus target price of $18.10.
Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Ladder Capital had a net margin of 26.98% and a return on equity of 14.04%. During the same period in the prior year, the company posted $0.47 EPS. On average, equities analysts forecast that Ladder Capital Corp will post 1.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.33. Ladder Capital’s dividend payout ratio (DPR) is 69.74%.
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Ladder Capital Profile
Ladder Capital Corp operates as a real estate investment trust in the United States. The company 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.
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