Waterloo Capital L.P. Has $2.22 Million Stake in Ladder Capital Corp (NYSE:LADR)

Waterloo Capital L.P. increased its position in shares of Ladder Capital Corp (NYSE:LADR) by 26.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,993 shares of the real estate investment trust’s stock after purchasing an additional 41,096 shares during the period. Waterloo Capital L.P.’s holdings in Ladder Capital were worth $2,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in shares of Ladder Capital by 1,089.1% during the third quarter. Jane Street Group LLC now owns 1,528,802 shares of the real estate investment trust’s stock worth $17,734,000 after buying an additional 1,400,238 shares in the last quarter. Wellington Management Group LLP raised its stake in Ladder Capital by 77.6% in the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust’s stock worth $30,043,000 after purchasing an additional 1,172,961 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Ladder Capital in the 4th quarter worth about $7,981,000. Kovitz Investment Group Partners LLC bought a new stake in Ladder Capital in the 3rd quarter valued at about $6,907,000. Finally, Norges Bank acquired a new position in shares of Ladder Capital during the 4th quarter worth approximately $5,764,000. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Trading Down 5.4 %

Shares of LADR stock opened at $10.61 on Friday. Ladder Capital Corp has a fifty-two week low of $10.21 and a fifty-two week high of $12.48. The stock’s fifty day moving average price is $11.52 and its two-hundred day moving average price is $11.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. The company has a market cap of $1.35 billion, a PE ratio of 12.33 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 earnings per share 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%. Equities analysts predict that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business 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. This represents a $0.92 dividend on an annualized basis and a yield of 8.68%. The ex-dividend date of this dividend is Monday, March 31st. Ladder Capital’s dividend payout ratio is 106.98%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. StockNews.com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Finally, B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Two 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 currently has an average rating of “Moderate 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.