Vanguard Group Inc. Boosts Stock Holdings in Ladder Capital Corp (NYSE:LADR)

Vanguard Group Inc. grew its holdings in Ladder Capital Corp (NYSE:LADRFree Report) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,206,155 shares of the real estate investment trust’s stock after buying an additional 81,521 shares during the period. Vanguard Group Inc. owned approximately 8.85% of Ladder Capital worth $128,983,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. HB Wealth Management LLC grew its stake in shares of Ladder Capital by 7.2% in the 4th quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 935 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Ladder Capital in the 4th quarter worth $186,000. Peak Financial Management Inc. purchased a new position in shares of Ladder Capital in the 4th quarter worth $228,000. Private Advisor Group LLC grew its stake in shares of Ladder Capital by 23.7% in the 4th quarter. Private Advisor Group LLC now owns 29,802 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 5,701 shares in the last quarter. Finally, Kovack Advisors Inc. grew its stake in shares of Ladder Capital by 15.2% in the 4th quarter. Kovack Advisors Inc. now owns 35,516 shares of the real estate investment trust’s stock worth $409,000 after buying an additional 4,691 shares in the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LADR. StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods dropped their price target on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a research note on Wednesday, April 10th. Finally, Wolfe Research began coverage on shares of Ladder Capital in a research note on Tuesday, June 25th. They set an “outperform” rating and a $13.00 price target for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $12.70.

View Our Latest Report on Ladder Capital

Ladder Capital Trading Up 0.4 %

Shares of LADR opened at $11.22 on Friday. Ladder Capital Corp has a 1-year low of $9.08 and a 1-year high of $12.00. The company has a 50-day moving average of $11.12 and a 200 day moving average of $11.04. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 14.76 and a beta of 1.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 88.40 and a quick ratio of 88.41.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 8.20%. Ladder Capital’s payout ratio is 121.05%.

About Ladder Capital

(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.

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

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