Access Investment Management LLC Grows Stake in Ladder Capital Corp (NYSE:LADR)

Access Investment Management LLC increased its stake in Ladder Capital Corp (NYSE:LADR) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 284,064 shares of the real estate investment trust’s stock after purchasing an additional 1,145 shares during the quarter. Access Investment Management LLC owned approximately 0.22% of Ladder Capital worth $3,179,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LADR. Quest Partners LLC raised its holdings in Ladder Capital by 13,513.5% in the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 7,027 shares during the period. Quarry LP raised its holdings in Ladder Capital by 1,832.9% in the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 7,698 shares during the period. Janney Montgomery Scott LLC bought a new position in Ladder Capital in the 4th quarter worth $112,000. Longboard Asset Management LP bought a new position in Ladder Capital in the 4th quarter worth $160,000. Finally, HB Wealth Management LLC raised its holdings in Ladder Capital by 13.4% in the 4th 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. 62.25% of the stock is owned by institutional investors.

Ladder Capital Price Performance

NYSE:LADR opened at $11.58 on Friday. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. The business’s 50-day simple moving average is $11.31 and its two-hundred day simple moving average is $11.56. The stock has a market cap of $1.47 billion, a PE ratio of 13.46 and a beta of 1.92. Ladder Capital Corp has a 52 week low of $10.20 and a 52 week high of $12.48.

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

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 7.95%. Ladder Capital’s dividend payout ratio (DPR) is 106.98%.

Analyst Ratings Changes

A number of brokerages recently commented on LADR. Keefe, Bruyette & Woods decreased their target price on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. B. Riley raised Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ladder Capital currently has an average rating of “Buy” and an average target price of $13.29.

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.