EverSource Wealth Advisors LLC Buys Shares of 3,770 Ladder Capital Corp (NYSE:LADR)

EverSource Wealth Advisors LLC bought a new stake in Ladder Capital Corp (NYSE:LADR – Get Rating) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,770 shares of the real estate investment trust’s stock, valued at approximately $38,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Ladder Capital by 2.0% in the third quarter. Vanguard Group Inc. now owns 11,005,816 shares of the real estate investment trust’s stock valued at $98,613,000 after buying an additional 220,444 shares during the last quarter. BlackRock Inc. raised its stake in shares of Ladder Capital by 3.5% during the third quarter. BlackRock Inc. now owns 9,368,895 shares of the real estate investment trust’s stock valued at $83,945,000 after purchasing an additional 319,840 shares in the last quarter. State Street Corp raised its stake in shares of Ladder Capital by 1.2% during the third quarter. State Street Corp now owns 2,639,774 shares of the real estate investment trust’s stock valued at $24,247,000 after purchasing an additional 32,396 shares in the last quarter. Citigroup Inc. raised its stake in shares of Ladder Capital by 0.7% during the fourth quarter. Citigroup Inc. now owns 2,104,484 shares of the real estate investment trust’s stock valued at $21,129,000 after purchasing an additional 14,605 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Ladder Capital by 233.4% during the second quarter. Millennium Management LLC now owns 1,498,869 shares of the real estate investment trust’s stock valued at $15,798,000 after purchasing an additional 1,049,301 shares in the last quarter. 59.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LADR. Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $13.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, April 13th. StockNews.com began coverage on shares of Ladder Capital in a research note on Thursday. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.25.

Ladder Capital Price Performance

NYSE:LADR opened at $9.62 on Friday. The business’s 50-day moving average price is $9.23 and its 200 day moving average price is $10.29. The firm has a market cap of $1.22 billion, a P/E ratio of 8.22 and a beta of 1.88. Ladder Capital Corp has a 52-week low of $8.67 and a 52-week high of $12.18. The company has a quick ratio of 87.81, a current ratio of 87.81 and a debt-to-equity ratio of 2.67.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were paid a $0.23 dividend. The ex-dividend date was Thursday, March 30th. This represents a $0.92 dividend on an annualized basis and a yield of 9.56%. Ladder Capital’s dividend payout ratio is currently 78.63%.

About Ladder Capital

(Get Rating)

Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate, and Corporate and Other. The Loans segment includes mortgage loan receivables held for investment and mortgage loan receivables held for sale.