Vanguard Group Inc. Acquires 49,885 Shares of Ladder Capital Corp (NYSE:LADR)

Vanguard Group Inc. grew its stake in shares of Ladder Capital Corp (NYSE:LADRFree Report) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,124,634 shares of the real estate investment trust’s stock after buying an additional 49,885 shares during the quarter. Vanguard Group Inc. owned 0.09% of Ladder Capital worth $114,139,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in Ladder Capital during the 4th quarter worth approximately $10,883,000. Millennium Management LLC grew its holdings in shares of Ladder Capital by 233.4% in the second quarter. Millennium Management LLC now owns 1,498,869 shares of the real estate investment trust’s stock worth $15,798,000 after purchasing an additional 1,049,301 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Ladder Capital by 1,329.3% in the first quarter. Royal Bank of Canada now owns 1,062,319 shares of the real estate investment trust’s stock worth $12,610,000 after buying an additional 987,995 shares during the period. Goldman Sachs Group Inc. raised its holdings in Ladder Capital by 19.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,487,417 shares of the real estate investment trust’s stock valued at $37,838,000 after buying an additional 566,610 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Ladder Capital by 29.4% during the 1st quarter. JPMorgan Chase & Co. now owns 2,424,731 shares of the real estate investment trust’s stock valued at $22,914,000 after buying an additional 551,241 shares during the period. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded shares of Ladder Capital from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $12.00.

Read Our Latest Analysis on Ladder Capital

Ladder Capital Stock Performance

NYSE:LADR opened at $10.88 on Thursday. The company has a quick ratio of 64.38, a current ratio of 64.38 and a debt-to-equity ratio of 2.47. The firm’s fifty day simple moving average is $10.86 and its 200 day simple moving average is $10.82. The stock has a market cap of $1.38 billion, a P/E ratio of 13.43 and a beta of 1.92. Ladder Capital Corp has a twelve month low of $8.77 and a twelve month high of $12.00.

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 for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Ladder Capital had a net margin of 18.92% and a return on equity of 9.70%. The firm had revenue of $121.27 million for the quarter, compared to analyst estimates of $63.22 million. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, research analysts predict that Ladder Capital Corp will post 1.13 EPS for the current year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.46%. The ex-dividend date is Wednesday, March 27th. Ladder Capital’s dividend payout ratio is currently 113.58%.

Ladder Capital 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.

See Also

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

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