Peak Financial Management Inc. Acquires Shares of 19,826 Ladder Capital Corp (NYSE:LADR)

Peak Financial Management Inc. bought a new stake in Ladder Capital Corp (NYSE:LADR) during the 4th quarter, HoldingsChannel.com reports. The firm bought 19,826 shares of the real estate investment trust’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LADR. Cambridge Investment Research Advisors Inc. lifted its position in Ladder Capital by 15.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,038 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 3,396 shares in the last quarter. MetLife Investment Management LLC increased its stake in Ladder Capital by 46.6% during the first quarter. MetLife Investment Management LLC now owns 57,429 shares of the real estate investment trust’s stock worth $682,000 after acquiring an additional 18,257 shares during the last quarter. Vanguard Group Inc. increased its stake in Ladder Capital by 3.1% during the first quarter. Vanguard Group Inc. now owns 10,681,700 shares of the real estate investment trust’s stock worth $126,791,000 after acquiring an additional 321,502 shares during the last quarter. Prudential Financial Inc. increased its stake in Ladder Capital by 12.0% during the first quarter. Prudential Financial Inc. now owns 255,391 shares of the real estate investment trust’s stock worth $3,031,000 after acquiring an additional 27,353 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in Ladder Capital by 28.9% during the first quarter. Penserra Capital Management LLC now owns 24,239 shares of the real estate investment trust’s stock worth $287,000 after acquiring an additional 5,436 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Up 1.5 %

Ladder Capital stock opened at $11.13 on Friday. Ladder Capital Corp has a fifty-two week low of $8.77 and a fifty-two week high of $12.00. The company has a debt-to-equity ratio of 2.47, a quick ratio of 64.38 and a current ratio of 64.38. The company has a market capitalization of $1.41 billion, a P/E ratio of 13.74 and a beta of 1.92. The stock has a 50-day simple moving average of $10.90 and a 200-day simple moving average of $10.82.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $121.27 million for the quarter, compared to analysts’ expectations of $63.22 million. Ladder Capital had a return on equity of 9.70% and a net margin of 18.92%. During the same quarter in the previous year, the firm posted $0.28 EPS. Equities research analysts expect that Ladder Capital Corp will post 1.13 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date is Wednesday, March 27th. Ladder Capital’s payout ratio is currently 113.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TheStreet cut Ladder Capital from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. StockNews.com raised Ladder Capital from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $12.00.

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.