Access Investment Management LLC Makes New Investment in Ladder Capital Corp (NYSE:LADR)

Access Investment Management LLC purchased a new position in shares of Ladder Capital Corp (NYSE:LADRFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 275,123 shares of the real estate investment trust’s stock, valued at approximately $3,167,000. Ladder Capital comprises about 1.2% of Access Investment Management LLC’s holdings, making the stock its 27th biggest holding. Access Investment Management LLC owned 0.22% of Ladder Capital at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LADR. Allspring Global Investments Holdings LLC increased its holdings in shares of Ladder Capital by 9.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,714 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 1,129 shares in the last quarter. HB Wealth Management LLC increased its holdings 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 purchasing an additional 935 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ladder Capital by 78.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,287 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 9,347 shares in the last quarter. Peak Financial Management Inc. acquired a new stake in Ladder Capital in the 4th quarter valued at $228,000. Finally, Private Advisor Group LLC grew its stake in Ladder Capital by 15.6% in the 3rd quarter. Private Advisor Group LLC now owns 24,101 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 3,257 shares during the period. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Price Performance

LADR traded up $0.07 on Friday, hitting $11.22. 289,802 shares of the company’s stock were exchanged, compared to its average volume of 530,793. Ladder Capital Corp has a fifty-two week low of $9.06 and a fifty-two week high of $12.00. The company has a current ratio of 88.40, a quick ratio of 88.41 and a debt-to-equity ratio of 2.41. The firm has a 50-day moving average price of $10.85 and a 200-day moving average price of $10.94. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 14.76 and a beta of 1.91.

Ladder Capital (NYSE:LADRGet Free Report) last announced its earnings results 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 9.28%. The company had revenue of $121.27 million for the quarter, compared to analysts’ expectations of $63.22 million. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities analysts anticipate that Ladder Capital Corp will post 1.13 earnings per share for the current year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.92 annualized dividend and a yield of 8.20%. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

Analyst Ratings Changes

A number of research firms recently issued reports on LADR. TheStreet cut shares of Ladder Capital from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods dropped their price target on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 10th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $12.63.

View Our Latest Report on Ladder Capital

Ladder Capital Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ladder Capital (NYSE:LADR)

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