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

Palogic Value Management L.P. raised its holdings in Ladder Capital Corp (NYSE:LADR) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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. owned 0.10% of Ladder Capital worth $1,390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LADR. Teacher Retirement System of Texas grew its stake in Ladder Capital by 6.9% in the 4th quarter. Teacher Retirement System of Texas now owns 87,663 shares of the real estate investment trust’s stock valued at $981,000 after buying an additional 5,659 shares in the last quarter. Horizon Kinetics Asset Management LLC purchased a new position in shares of Ladder Capital in the fourth quarter valued at $459,000. Cibc World Markets Corp purchased a new position in shares of Ladder Capital in the fourth quarter valued at $119,000. 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 valued at $182,000 after purchasing an additional 16,052 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in Ladder Capital by 48.0% during the 4th quarter. HighTower Advisors LLC now owns 30,469 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 9,875 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Price Performance

NYSE:LADR opened at $11.65 on Friday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.54 and a beta of 1.91. Ladder Capital Corp has a 52-week low of $10.21 and a 52-week high of $12.48. The stock has a fifty day moving average of $11.44 and a 200 day moving average of $11.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data 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 net margin of 21.36% and a return on equity of 8.77%. On average, research analysts expect that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Announces Dividend

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

Analyst Ratings Changes

LADR has been the subject of a number of recent analyst reports. B. Riley raised Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their target price on shares of 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 cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.29.

About Ladder Capital

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.