57,100 Shares in Ladder Capital Corp (NYSE:LADR) Bought by Bailard Inc.

Bailard Inc. purchased a new stake in Ladder Capital Corp (NYSE:LADR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 57,100 shares of the real estate investment trust’s stock, valued at approximately $657,000.

A number of other institutional investors also recently modified their holdings of LADR. HB Wealth Management LLC grew its holdings in shares of Ladder Capital by 7.2% during the fourth quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 935 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Ladder Capital by 9.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,714 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 1,129 shares during the last quarter. Keybank National Association OH boosted its position in Ladder Capital by 3.6% during the 3rd quarter. Keybank National Association OH now owns 36,011 shares of the real estate investment trust’s stock worth $369,000 after acquiring an additional 1,262 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Ladder Capital by 0.8% during the 3rd quarter. Rhumbline Advisers now owns 197,916 shares of the real estate investment trust’s stock worth $2,031,000 after acquiring an additional 1,518 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Ladder Capital by 1.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 97,383 shares of the real estate investment trust’s stock valued at $999,000 after purchasing an additional 1,660 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Trading Up 1.9 %

Ladder Capital stock opened at $11.01 on Friday. The stock has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $10.86. The stock has a market capitalization of $1.39 billion, a P/E ratio of 14.49 and a beta of 1.92. The company has a debt-to-equity ratio of 2.47, a quick ratio of 64.38 and a current ratio of 64.38. Ladder Capital Corp has a 52 week low of $8.84 and a 52 week high of $12.00.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Ladder Capital had a return on equity of 9.26% and a net margin of 18.10%. The company had revenue of $121.27 million during the quarter, compared to the consensus estimate of $63.22 million. During the same period in the previous year, the company posted $0.28 EPS. Analysts expect that Ladder Capital Corp will post 1.13 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.92 annualized dividend and a dividend yield of 8.36%. Ladder Capital’s dividend payout ratio is currently 121.05%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. TheStreet cut shares of Ladder Capital from a “b-” rating to a “c” rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods cut their price target on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 10th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $12.63.

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.