145,892 Shares in Ladder Capital Corp (NYSE:LADR) Acquired by Almitas Capital LLC

Almitas Capital LLC acquired a new stake in Ladder Capital Corp (NYSE:LADR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 145,892 shares of the real estate investment trust’s stock, valued at approximately $1,633,000. Almitas Capital LLC owned about 0.11% of Ladder Capital as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Access Investment Management LLC boosted its position in Ladder Capital by 0.4% during the 4th quarter. Access Investment Management LLC now owns 284,064 shares of the real estate investment trust’s stock valued at $3,179,000 after buying an additional 1,145 shares during the period. HB Wealth Management LLC boosted its holdings in shares of Ladder Capital by 13.4% during the fourth quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 2,011 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Ladder Capital by 816.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 3,240 shares during the period. Capital Square LLC increased its holdings in Ladder Capital by 4.3% during the 4th quarter. Capital Square LLC now owns 79,713 shares of the real estate investment trust’s stock valued at $882,000 after purchasing an additional 3,251 shares during the period. Finally, Sei Investments Co. raised its position in Ladder Capital by 10.2% during the 4th quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 3,510 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Up 0.4 %

Shares of Ladder Capital stock opened at $10.49 on Friday. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.48. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The company has a 50-day moving average of $10.99 and a 200 day moving average of $11.29. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 12.19 and a beta of 1.44.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The business had revenue of $51.20 million for the quarter, compared to analysts’ expectations of $65.15 million. Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. During the same quarter in the previous year, the business posted $0.33 earnings per share. As a group, sell-side analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.77%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is 112.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their target price on Ladder Capital from $12.75 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.17.

Ladder Capital 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.