D. E. Shaw & Co. Inc. Has $1.47 Million Position in Ladder Capital Corp (NYSE:LADR)

D. E. Shaw & Co. Inc. lessened its stake in shares of Ladder Capital Corp (NYSE:LADR) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,427 shares of the real estate investment trust’s stock after selling 19,884 shares during the period. D. E. Shaw & Co. Inc. owned 0.10% of Ladder Capital worth $1,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LADR. Wellington Management Group LLP grew its position in Ladder Capital by 77.6% in the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust’s stock worth $30,043,000 after purchasing an additional 1,172,961 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Ladder Capital by 35.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust’s stock valued at $19,896,000 after buying an additional 461,739 shares during the period. Victory Capital Management Inc. grew its position in Ladder Capital by 2.4% during the fourth 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. Charles Schwab Investment Management Inc. increased its stake in Ladder Capital by 2.8% during the fourth 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 during the period. Finally, Van ECK Associates Corp raised its holdings in Ladder Capital by 27.2% in the 4th quarter. Van ECK Associates Corp now owns 1,223,151 shares of the real estate investment trust’s stock valued at $13,687,000 after acquiring an additional 261,681 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LADR. Wall Street Zen lowered Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods decreased their price target on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.17.

Ladder Capital Stock Up 0.5%

Shares of NYSE:LADR opened at $10.23 on Friday. The company’s fifty day moving average is $10.64 and its 200-day moving average is $11.21. 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 52 week low of $9.68 and a 52 week high of $12.48. The company has a market capitalization of $1.30 billion, a PE ratio of 11.90 and a beta of 1.01.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate 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 return on equity of 8.77% and a net margin of 21.36%. During the same quarter in the previous year, the company posted $0.33 EPS. Equities research analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date was Monday, March 31st. Ladder Capital’s dividend payout ratio is currently 112.20%.

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.