Cibc World Markets Corp Purchases New Stake in Ladder Capital Corp (NYSE:LADR)

Cibc World Markets Corp acquired a new position in Ladder Capital Corp (NYSE:LADR) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 10,624 shares of the real estate investment trust’s stock, valued at approximately $119,000.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC increased its stake in shares of Ladder Capital by 13,513.5% in the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 7,027 shares during the last quarter. Quarry LP grew its stake in Ladder Capital by 1,832.9% in the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 7,698 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Ladder Capital in the 4th quarter worth about $112,000. Longboard Asset Management LP acquired a new position in Ladder Capital in the 4th quarter worth about $160,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Ladder Capital by 7,907.4% during the 4th quarter. Farther Finance Advisors LLC now owns 16,255 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 16,052 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods dropped their price target on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Finally, B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ladder Capital has an average rating of “Moderate Buy” and an average target price of $13.29.

Ladder Capital Trading Up 0.0 %

Shares of LADR stock opened at $11.56 on Friday. The business’s 50 day moving average is $11.50 and its two-hundred day moving average is $11.52. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. Ladder Capital Corp has a 12 month low of $10.21 and a 12 month high of $12.48. The company has a market cap of $1.47 billion, a PE ratio of 13.44 and a beta of 1.91.

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

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 dividend yield of 7.96%. Ladder Capital’s dividend payout ratio is presently 106.98%.

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.