Palogic Value Management L.P. Purchases 10,367 Shares of Ladder Capital Corp (NYSE:LADR)

Palogic Value Management L.P. grew its position in shares of Ladder Capital Corp (NYSE:LADR) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,235 shares of the real estate investment trust’s stock after purchasing an additional 10,367 shares during the period. Palogic Value Management L.P.’s holdings in Ladder Capital were worth $1,390,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LADR. Jane Street Group LLC lifted its stake in 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 purchasing an additional 1,400,238 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Ladder Capital in the fourth quarter worth about $7,981,000. Kovitz Investment Group Partners LLC purchased a new position in shares of Ladder Capital in the third quarter worth about $6,907,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Ladder Capital in the fourth quarter worth about $4,323,000. Finally, Van ECK Associates Corp increased its holdings in shares of Ladder Capital by 27.2% in the fourth quarter. Van ECK Associates Corp now owns 1,223,151 shares of the real estate investment trust’s stock worth $13,687,000 after buying an additional 261,681 shares during the period. Institutional investors own 62.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Finally, StockNews.com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ladder Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.29.

Ladder Capital Trading Down 0.1 %

LADR opened at $11.65 on Friday. The business has a 50 day simple moving average of $11.44 and a two-hundred day simple moving average of $11.54. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.54 and a beta of 1.91. 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 one year low of $10.21 and a one year high of $12.48.

Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 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%. Analysts predict that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 7.90%. The ex-dividend date of this dividend is Monday, March 31st. Ladder Capital’s dividend payout ratio is currently 106.98%.

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.