Morey & Quinn Wealth Partners LLC Makes New Investment in Ladder Capital Corp (NYSE:LADR)

Morey & Quinn Wealth Partners LLC bought a new position in Ladder Capital Corp (NYSE:LADR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 20,159 shares of the real estate investment trust’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LADR. State Street Corp lifted its stake in Ladder Capital by 1.9% in the third quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust’s stock worth $35,411,000 after acquiring an additional 54,598 shares during the period. Geode Capital Management LLC lifted its position in shares of Ladder Capital by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock worth $30,743,000 after purchasing an additional 8,178 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Ladder Capital by 5.0% during the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after purchasing an additional 96,573 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of 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 valued at $18,799,000 after purchasing an additional 39,695 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 buying an additional 45,040 shares during the period. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Trading Down 0.5 %

Shares of NYSE:LADR opened at $11.56 on Wednesday. The business’s 50-day moving average is $11.48 and its 200 day moving average is $11.51. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. Ladder Capital Corp has a 1 year low of $10.21 and a 1 year high of $12.48. The firm has a market capitalization of $1.47 billion, a P/E ratio of 13.44 and a beta of 1.91.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) 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, research analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.96%. The ex-dividend date of this dividend is Monday, March 31st. Ladder Capital’s dividend payout ratio is currently 106.98%.

Analyst Ratings Changes

LADR has been the subject of a number of analyst reports. StockNews.com lowered Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods dropped their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Finally, B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Two equities research 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $13.29.

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.