LSV Asset Management Has $8.39 Million Stake in Ladder Capital Corp (NYSE:LADR)

LSV Asset Management lessened its position in shares of Ladder Capital Corp (NYSE:LADR) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 749,900 shares of the real estate investment trust’s stock after selling 135,800 shares during the period. LSV Asset Management owned about 0.59% of Ladder Capital worth $8,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LADR. Raymond James Financial Inc. bought a new position in shares of Ladder Capital during the fourth quarter worth about $7,981,000. Martingale Asset Management L P bought a new stake in shares of Ladder Capital in the fourth quarter worth $260,000. Renaissance Technologies LLC acquired a new position in Ladder Capital during the fourth quarter worth $1,911,000. Invesco Ltd. grew its position in Ladder Capital by 2.9% in the fourth quarter. Invesco Ltd. now owns 507,630 shares of the real estate investment trust’s stock valued at $5,680,000 after purchasing an additional 14,521 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in Ladder Capital in the 4th quarter valued at $979,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Stock Performance

Shares of NYSE LADR opened at $9.88 on Monday. Ladder Capital Corp has a 12 month low of $9.68 and a 12 month high of $12.48. The stock has a 50 day moving average of $11.37 and a 200-day moving average of $11.39. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $1.26 billion, a P/E ratio of 11.48 and a beta of 1.44.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. As a group, equities research analysts predict that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.23 per share. The ex-dividend date is Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 9.32%. Ladder Capital’s dividend payout ratio (DPR) is presently 106.98%.

Wall Street Analysts Forecast Growth

LADR has been the subject of several analyst reports. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price objective on Ladder Capital from $12.75 to $12.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Finally, StockNews.com downgraded shares of Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Two investment 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. Based on data from MarketBeat.com, Ladder Capital has an average rating of “Moderate Buy” and a consensus target price of $13.17.

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.