Raymond James Financial Inc. Takes $7.98 Million Position in Ladder Capital Corp (NYSE:LADR)

Raymond James Financial Inc. bought a new stake in shares of Ladder Capital Corp (NYSE:LADR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 713,258 shares of the real estate investment trust’s stock, valued at approximately $7,981,000. Raymond James Financial Inc. owned about 0.56% of Ladder Capital as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Quest Partners LLC grew its position in Ladder Capital by 13,513.5% in the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 7,027 shares during the last quarter. Quarry LP grew its position in Ladder Capital by 1,832.9% in the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 7,698 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Ladder Capital in the 4th quarter valued at $112,000. Longboard Asset Management LP bought a new position in Ladder Capital in the 4th quarter valued at $160,000. Finally, HB Wealth Management LLC grew its position in Ladder Capital by 13.4% in the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 2,011 shares during the last quarter. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Price Performance

Shares of LADR stock opened at $11.43 on Friday. Ladder Capital Corp has a twelve month low of $10.21 and a twelve month high of $12.48. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.29 and a beta of 1.91. The stock has a fifty day simple moving average of $11.45 and a two-hundred day simple moving average of $11.52. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. On average, analysts predict that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date of this dividend is Monday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is currently 106.98%.

Analyst Upgrades and Downgrades

LADR has been the topic of several research analyst reports. StockNews.com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. B. Riley raised Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods lowered their target price on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ladder Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.29.

Ladder Capital Company 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.