Ladder Capital Corp (NYSE:LADR) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC grew its position in shares of Ladder Capital Corp (NYSE:LADR) by 23.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,802 shares of the real estate investment trust’s stock after purchasing an additional 5,701 shares during the quarter. Private Advisor Group LLC’s holdings in Ladder Capital were worth $343,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LADR. Melia Wealth LLC purchased a new stake in shares of Ladder Capital in the fourth quarter valued at approximately $9,320,000. Qube Research & Technologies Ltd raised its position in Ladder Capital by 160.4% during the third quarter. Qube Research & Technologies Ltd now owns 234,345 shares of the real estate investment trust’s stock worth $2,404,000 after acquiring an additional 144,338 shares during the period. Federated Hermes Inc. purchased a new position in Ladder Capital during the third quarter valued at $1,361,000. Wolverine Asset Management LLC acquired a new stake in shares of Ladder Capital in the fourth quarter valued at about $1,414,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of Ladder Capital during the third quarter worth about $978,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Price Performance

LADR opened at $11.26 on Thursday. The stock’s 50-day moving average price is $10.93 and its 200 day moving average price is $11.03. Ladder Capital Corp has a 12-month low of $9.08 and a 12-month high of $12.00. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 14.82 and a beta of 1.91. The company has a current ratio of 88.40, a quick ratio of 88.41 and a debt-to-equity ratio of 2.41.

Ladder Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date of this dividend was Wednesday, March 27th. Ladder Capital’s dividend payout ratio (DPR) is currently 121.05%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LADR. Keefe, Bruyette & Woods lowered their price objective on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. TheStreet downgraded Ladder Capital from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, Ladder Capital presently has an average rating of “Buy” and a consensus target price of $12.63.

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.