Lighthouse Investment Partners LLC Takes Position in Ladder Capital Corp (NYSE:LADR)

Lighthouse Investment Partners LLC bought a new position in Ladder Capital Corp (NYSE:LADR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 176,852 shares of the real estate investment trust’s stock, valued at approximately $1,979,000. Lighthouse Investment Partners LLC owned about 0.14% of Ladder Capital at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Access Investment Management LLC lifted its position in Ladder Capital by 0.4% in the fourth quarter. Access Investment Management LLC now owns 284,064 shares of the real estate investment trust’s stock valued at $3,179,000 after purchasing an additional 1,145 shares during the last quarter. HB Wealth Management LLC grew its stake in Ladder Capital by 13.4% in 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 grew its stake in shares of Ladder Capital by 816.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 3,240 shares during the last quarter. Capital Square LLC grew its stake in shares of Ladder Capital by 4.3% in the fourth quarter. Capital Square LLC now owns 79,713 shares of the real estate investment trust’s stock worth $882,000 after acquiring an additional 3,251 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Ladder Capital by 10.2% in the fourth quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 3,510 shares during the last quarter. Institutional investors own 62.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LADR. StockNews.com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods reduced their price target on Ladder Capital from $12.75 to $12.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ladder Capital has an average rating of “Moderate Buy” and a consensus price target of $13.17.

Ladder Capital Trading Up 0.9%

Shares of LADR opened at $10.77 on Wednesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.48. The company has a 50 day simple moving average of $10.81 and a two-hundred day simple moving average of $11.25. The firm has a market cap of $1.37 billion, a P/E ratio of 12.52 and a beta of 1.01.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $51.20 million for the quarter, compared to the consensus estimate 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 prior year, the company posted $0.33 earnings per share. On average, equities analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.23 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.54%. Ladder Capital’s dividend payout ratio is presently 112.20%.

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.