Van ECK Associates Corp Acquires 49,643 Shares of Ladder Capital Corp (NYSE:LADR)

Van ECK Associates Corp lifted its holdings in shares of Ladder Capital Corp (NYSE:LADRFree Report) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 809,231 shares of the real estate investment trust’s stock after buying an additional 49,643 shares during the quarter. Van ECK Associates Corp owned about 0.64% of Ladder Capital worth $8,303,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its holdings in Ladder Capital by 15.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,038 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 3,396 shares during the period. MetLife Investment Management LLC increased its holdings in Ladder Capital by 46.6% during the 1st quarter. MetLife Investment Management LLC now owns 57,429 shares of the real estate investment trust’s stock worth $682,000 after acquiring an additional 18,257 shares during the period. Vanguard Group Inc. increased its holdings in shares of Ladder Capital by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 10,681,700 shares of the real estate investment trust’s stock worth $126,791,000 after buying an additional 321,502 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Ladder Capital by 12.0% in the 1st quarter. Prudential Financial Inc. now owns 255,391 shares of the real estate investment trust’s stock worth $3,031,000 after buying an additional 27,353 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of Ladder Capital by 28.9% in the 1st quarter. Penserra Capital Management LLC now owns 24,239 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 5,436 shares during the last quarter. 60.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LADR has been the topic of a number of research analyst reports. StockNews.com raised shares of Ladder Capital from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. TheStreet lowered shares of Ladder Capital from a “b-” rating to a “c” rating in a report on Thursday. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, Ladder Capital has a consensus rating of “Buy” and a consensus price target of $12.00.

Check Out Our Latest Report on LADR

Ladder Capital Price Performance

LADR stock opened at $10.68 on Friday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 66.82 and a current ratio of 66.82. Ladder Capital Corp has a 52 week low of $8.76 and a 52 week high of $12.00. The firm’s fifty day moving average is $11.34 and its 200 day moving average is $10.81. The firm has a market cap of $1.36 billion, a P/E ratio of 13.19 and a beta of 1.94.

Ladder Capital (NYSE:LADRGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $121.27 million for the quarter, compared to analyst estimates of $63.22 million. Ladder Capital had a net margin of 18.92% and a return on equity of 9.70%. During the same quarter last year, the firm earned $0.28 EPS. Research analysts predict that Ladder Capital Corp will post 1.11 earnings per share for the current year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date was Thursday, December 28th. Ladder Capital’s dividend payout ratio (DPR) is presently 113.58%.

Ladder Capital Company Profile

(Free Report)

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. The company 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.

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Institutional Ownership by Quarter for Ladder Capital (NYSE:LADR)

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