Deutsche Bank AG Buys 36,236 Shares of Ladder Capital Corp (NYSE:LADR)

Deutsche Bank AG boosted its position in shares of Ladder Capital Corp (NYSE:LADR) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 178,748 shares of the real estate investment trust’s stock after acquiring an additional 36,236 shares during the quarter. Deutsche Bank AG owned 0.14% of Ladder Capital worth $2,000,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in Ladder Capital by 816.1% in the 4th quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 3,240 shares during the period. TD Waterhouse Canada Inc. bought a new position in Ladder Capital in the 4th quarter worth $84,000. Janney Montgomery Scott LLC bought a new position in Ladder Capital in the 4th quarter worth $112,000. Cibc World Markets Corp bought a new position in Ladder Capital in the 4th quarter worth $119,000. Finally, Landscape Capital Management L.L.C. bought a new position in Ladder Capital in the 4th quarter worth $129,000. 62.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LADR. Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Wall Street Zen cut Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ladder Capital has a consensus rating of “Moderate Buy” and an average target price of $13.17.

Ladder Capital Stock Up 0.8%

LADR stock opened at $10.32 on Friday. The firm has a 50 day moving average of $10.62 and a 200 day moving average of $11.20. The stock has a market capitalization of $1.31 billion, a PE ratio of 11.99 and a beta of 1.01. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. Ladder Capital Corp has a 52 week low of $9.68 and a 52 week high of $12.48.

Ladder Capital (NYSE:LADR) last released 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 during the quarter, compared to analyst estimates 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 earned $0.33 EPS. Sell-side analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.92%. 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.