Bailard Inc. Grows Holdings in Ladder Capital Corp (NYSE:LADR)

Bailard Inc. increased its stake in Ladder Capital Corp (NYSE:LADR) by 45.9% in the 4th quarter, Holdings Channel reports. The fund owned 68,448 shares of the real estate investment trust’s stock after buying an additional 21,548 shares during the quarter. Bailard Inc.’s holdings in Ladder Capital were worth $766,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC boosted its holdings in shares of 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 worth $82,000 after purchasing an additional 7,027 shares in the last quarter. Quarry LP lifted 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 worth $94,000 after buying an additional 7,698 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Ladder Capital in the fourth quarter worth approximately $112,000. Longboard Asset Management LP bought a new position in Ladder Capital during the fourth quarter valued at approximately $160,000. Finally, HB Wealth Management LLC raised its stake in shares of Ladder Capital by 13.4% during the fourth quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 2,011 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, StockNews.com lowered Ladder Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Two research 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.29.

Ladder Capital Price Performance

LADR stock opened at $11.82 on Tuesday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.74 and a beta of 1.92. The firm’s 50-day moving average price is $11.34 and its two-hundred day moving average price is $11.56. 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 Corp has a 12-month low of $10.21 and a 12-month high of $12.48.

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

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.92 annualized dividend and a yield of 7.78%. Ladder Capital’s dividend payout ratio (DPR) is presently 106.98%.

About Ladder Capital

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.