Ladder Capital Corp (NYSE:LADR) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its position in shares of Ladder Capital Corp (NYSE:LADR) by 165.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,854 shares of the real estate investment trust’s stock after purchasing an additional 7,383 shares during the period. Tower Research Capital LLC TRC’s holdings in Ladder Capital were worth $112,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LADR. Norges Bank acquired a new stake in Ladder Capital during the 4th quarter valued at $10,883,000. Millennium Management LLC grew its holdings in Ladder Capital by 233.4% during the 2nd quarter. Millennium Management LLC now owns 1,498,869 shares of the real estate investment trust’s stock worth $15,798,000 after acquiring an additional 1,049,301 shares in the last quarter. Jennison Associates LLC grew its holdings in Ladder Capital by 23.6% during the 1st quarter. Jennison Associates LLC now owns 5,325,318 shares of the real estate investment trust’s stock worth $50,324,000 after acquiring an additional 1,016,191 shares in the last quarter. Royal Bank of Canada grew its holdings in Ladder Capital by 1,329.3% during the 1st quarter. Royal Bank of Canada now owns 1,062,319 shares of the real estate investment trust’s stock worth $12,610,000 after acquiring an additional 987,995 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Ladder Capital by 1,751.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 943,885 shares of the real estate investment trust’s stock worth $8,920,000 after acquiring an additional 892,898 shares in the last quarter. 60.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on LADR shares. StockNews.com started coverage on shares of Ladder Capital in a report on Thursday, August 17th. They set a “buy” rating for the company. JMP Securities raised their price objective on shares of Ladder Capital from $12.00 to $13.00 in a report on Thursday, July 27th. BTIG Research raised their price objective on shares of Ladder Capital from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Monday, July 24th. Finally, Raymond James lowered shares of Ladder Capital from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $12.00 to $12.50 in a report on Thursday, July 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Ladder Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Ladder Capital Trading Up 0.4 %

NYSE LADR opened at $11.00 on Friday. Ladder Capital Corp has a one year low of $8.67 and a one year high of $11.77. The company has a 50-day simple moving average of $10.88 and a 200-day simple moving average of $10.22. The company has a debt-to-equity ratio of 2.58, a quick ratio of 89.10 and a current ratio of 89.10. The firm has a market capitalization of $1.40 billion, a PE ratio of 9.82 and a beta of 1.89.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.92 annualized dividend and a yield of 8.36%. Ladder Capital’s dividend payout ratio is presently 82.14%.

Ladder Capital Company Profile

Ladder Capital Corp operates as an internally-managed 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.