Access Investment Management LLC Grows Stake in Ladder Capital Corp (NYSE:LADR)

Access Investment Management LLC increased its stake in Ladder Capital Corp (NYSE:LADR) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,064 shares of the real estate investment trust’s stock after acquiring an additional 1,145 shares during the period. Access Investment Management LLC’s holdings in Ladder Capital were worth $3,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in Ladder Capital by 1,089.1% in the third quarter. Jane Street Group LLC now owns 1,528,802 shares of the real estate investment trust’s stock worth $17,734,000 after acquiring an additional 1,400,238 shares in the last quarter. Barclays PLC grew its position in Ladder Capital by 28.3% in the third quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust’s stock worth $2,382,000 after acquiring an additional 45,294 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Ladder Capital in the third quarter worth about $6,907,000. Stifel Financial Corp grew its position in Ladder Capital by 196.3% in the third quarter. Stifel Financial Corp now owns 165,768 shares of the real estate investment trust’s stock worth $1,923,000 after acquiring an additional 109,816 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Ladder Capital by 5.0% in the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after acquiring an additional 96,573 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Down 0.7 %

Shares of NYSE:LADR opened at $11.58 on Friday. Ladder Capital Corp has a 1 year low of $10.20 and a 1 year high of $12.48. The business has a 50 day simple moving average of $11.31 and a two-hundred day simple moving average of $11.56. The firm has a market capitalization of $1.47 billion, a PE ratio of 13.46 and a beta of 1.92. 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 (NYSE:LADR) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share 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%. On average, equities analysts predict that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.95%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital’s dividend payout ratio is presently 106.98%.

Analysts Set New Price Targets

Several research analysts have issued reports on LADR shares. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their target price on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.