Federated Hermes Inc. Raises Position in Ladder Capital Corp (NYSE:LADR)

Federated Hermes Inc. grew its position in shares of Ladder Capital Corp (NYSE:LADR) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,375 shares of the real estate investment trust’s stock after buying an additional 2,758 shares during the quarter. Federated Hermes Inc.’s holdings in Ladder Capital were worth $1,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Ladder Capital by 0.5% during the third quarter. Vanguard Group Inc. now owns 11,124,634 shares of the real estate investment trust’s stock valued at $114,139,000 after purchasing an additional 49,885 shares during the period. Jennison Associates LLC lifted its holdings in Ladder Capital by 3.5% in the third quarter. Jennison Associates LLC now owns 6,050,389 shares of the real estate investment trust’s stock valued at $62,077,000 after acquiring an additional 204,089 shares during the period. Wellington Management Group LLP boosted its position in Ladder Capital by 0.7% in the third quarter. Wellington Management Group LLP now owns 1,758,384 shares of the real estate investment trust’s stock worth $18,041,000 after purchasing an additional 13,050 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Ladder Capital by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,678,426 shares of the real estate investment trust’s stock valued at $17,221,000 after purchasing an additional 91,370 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Ladder Capital by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,516,872 shares of the real estate investment trust’s stock valued at $15,563,000 after purchasing an additional 41,139 shares during the last quarter. Institutional investors own 62.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on LADR shares. TheStreet downgraded shares of Ladder Capital from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. Keefe, Bruyette & Woods cut their price target on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a report on Wednesday, April 10th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $12.63.

Ladder Capital Stock Performance

NYSE LADR opened at $10.91 on Tuesday. The company has a quick ratio of 64.38, a current ratio of 64.38 and a debt-to-equity ratio of 2.47. Ladder Capital Corp has a twelve month low of $8.84 and a twelve month high of $12.00. The business has a 50-day moving average price of $10.77 and a 200-day moving average price of $10.87. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 14.36 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $121.27 million during the quarter, compared to analyst estimates of $63.22 million. Ladder Capital had a net margin of 18.10% and a return on equity of 9.26%. During the same period last year, the firm posted $0.28 EPS. As a group, equities research analysts predict that Ladder Capital Corp will post 1.13 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.23 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 8.43%. Ladder Capital’s dividend payout ratio is currently 121.05%.

Ladder Capital Profile

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.