Ladder Capital Corp (NYSE:LADR) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,806 shares of the real estate investment trust’s stock after acquiring an additional 17,689 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of Ladder Capital worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ladder Capital by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust’s stock valued at $18,778,000 after acquiring an additional 45,040 shares in the last quarter. Barclays PLC lifted its holdings in Ladder Capital by 28.3% in the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust’s stock worth $2,382,000 after buying an additional 45,294 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Ladder Capital by 2.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust’s stock worth $18,799,000 after buying an additional 39,695 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Ladder Capital in the 4th quarter worth $4,323,000. Finally, Raymond James Financial Inc. acquired a new position in Ladder Capital in the 4th quarter worth $7,981,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LADR shares. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Finally, StockNews.com lowered shares of Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $13.17.

Ladder Capital Price Performance

LADR opened at $10.40 on Tuesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $12.48. The company has a 50-day moving average of $11.08 and a 200-day moving average of $11.31. The company has a market capitalization of $1.32 billion, a P/E ratio of 12.09 and a beta of 1.44.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $51.20 million for the quarter, compared to the consensus estimate of $65.15 million. Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. During the same period in the prior year, the company earned $0.33 EPS. Equities analysts expect that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.23 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.85%. Ladder Capital’s dividend payout ratio is currently 112.20%.

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.