Raymond James Financial Services Advisors Inc. Has $4.62 Million Holdings in Ladder Capital Corp (NYSE:LADR)

Raymond James Financial Services Advisors Inc. grew its position in Ladder Capital Corp (NYSE:LADR – Get Rating) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 460,223 shares of the real estate investment trust’s stock after purchasing an additional 4,937 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.36% of Ladder Capital worth $4,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LADR. Spire Wealth Management grew its position in shares of Ladder Capital by 6,424.8% in the fourth quarter. Spire Wealth Management now owns 7,112 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 7,003 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Ladder Capital in the fourth quarter valued at approximately $102,000. Resources Investment Advisors LLC. acquired a new position in shares of Ladder Capital in the fourth quarter valued at approximately $102,000. Cetera Advisor Networks LLC acquired a new position in shares of Ladder Capital in the second quarter valued at approximately $110,000. Finally, Parallel Advisors LLC grew its position in shares of Ladder Capital by 3,778.7% in the fourth quarter. Parallel Advisors LLC now owns 11,132 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 10,845 shares during the last quarter. Institutional investors and hedge funds own 59.09% of the company’s stock.

Ladder Capital Trading Down 0.5 %

Shares of NYSE:LADR opened at $9.62 on Friday. The company has a market capitalization of $1.22 billion, a P/E ratio of 8.22 and a beta of 1.88. Ladder Capital Corp has a 1 year low of $8.67 and a 1 year high of $12.18. The company has a debt-to-equity ratio of 2.67, a current ratio of 87.81 and a quick ratio of 87.81. The business’s 50 day simple moving average is $9.23 and its 200 day simple moving average is $10.29.

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 given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 9.56%. The ex-dividend date was Thursday, March 30th. Ladder Capital’s dividend payout ratio is currently 78.63%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their target price on Ladder Capital from $13.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, April 13th. StockNews.com initiated coverage on Ladder Capital in a research report on Thursday. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.25.

Ladder Capital Company Profile

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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.