Ladder Capital Corp $LADR Shares Purchased by Waterloo Capital L.P.

Waterloo Capital L.P. boosted its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 19.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 303,753 shares of the real estate investment trust’s stock after buying an additional 49,443 shares during the quarter. Waterloo Capital L.P.’s holdings in Ladder Capital were worth $3,314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Nebula Research & Development LLC grew its holdings in Ladder Capital by 3.1% during the 2nd quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 1,008 shares in the last quarter. HB Wealth Management LLC raised its position in shares of Ladder Capital by 6.5% during the 3rd quarter. HB Wealth Management LLC now owns 17,623 shares of the real estate investment trust’s stock worth $192,000 after acquiring an additional 1,082 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Ladder Capital by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,836 shares of the real estate investment trust’s stock worth $654,000 after buying an additional 1,416 shares during the last quarter. Magnetar Financial LLC raised its stake in Ladder Capital by 13.3% during the 2nd quarter. Magnetar Financial LLC now owns 17,094 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 2,001 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in Ladder Capital by 3.6% in the second quarter. Intech Investment Management LLC now owns 61,798 shares of the real estate investment trust’s stock valued at $664,000 after acquiring an additional 2,131 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Trading Down 6.6%

NYSE:LADR opened at $10.34 on Friday. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $11.92. The company has a debt-to-equity ratio of 2.01, a quick ratio of 35.60 and a current ratio of 35.60. The stock has a fifty day moving average price of $11.09 and a two-hundred day moving average price of $11.05. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 4.42 and a beta of 1.01.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.9%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s dividend payout ratio is presently 146.03%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LADR. BTIG Research restated a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a research note on Monday. Capital One Financial set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. HSBC set a $13.00 price target on Ladder Capital in a research note on Wednesday, January 21st. Finally, B. Riley assumed coverage on shares of Ladder Capital in a research report on Monday, January 5th. They issued a “buy” rating and a $13.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.92.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.