Farther Finance Advisors LLC Purchases 16,052 Shares of Ladder Capital Corp (NYSE:LADR)

Farther Finance Advisors LLC boosted its position in Ladder Capital Corp (NYSE:LADR) by 7,907.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 16,255 shares of the real estate investment trust’s stock after acquiring an additional 16,052 shares during the period. Farther Finance Advisors LLC’s holdings in Ladder Capital were worth $182,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Jennison Associates LLC raised its holdings in Ladder Capital by 1.6% in the third quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust’s stock worth $78,505,000 after purchasing an additional 108,079 shares in the last quarter. State Street Corp increased its holdings in shares of Ladder Capital by 1.9% during the third quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust’s stock valued at $35,411,000 after acquiring an additional 54,598 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ladder Capital by 0.3% during the third quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock valued at $30,743,000 after acquiring an additional 8,178 shares in the last quarter. Principal Financial Group Inc. increased its holdings 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 acquiring an additional 96,573 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings 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 acquiring an additional 39,695 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Price Performance

Shares of NYSE LADR opened at $11.65 on Thursday. The business’s 50 day moving average price is $11.43 and its 200 day moving average price is $11.53. The firm has a market cap of $1.48 billion, a P/E ratio of 13.54 and a beta of 1.91. Ladder Capital Corp has a 52 week low of $10.21 and a 52 week high of $12.48. 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 (NYSE:LADR) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 7.90%. Ladder Capital’s dividend payout ratio is presently 106.98%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LADR shares. StockNews.com downgraded shares of Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Finally, B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ladder Capital presently has a consensus rating of “Moderate Buy” and an average price target of $13.29.

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.