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Raymond James & Associates increased its position in shares of Ladder Capital Corp (NYSE:LADR – Get Rating) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 757,136 shares of the real estate investment trust’s stock after buying an additional 44,207 shares during the quarter. Raymond James & Associates owned about 0.60% of Ladder Capital worth $6,784,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. AE Wealth Management LLC grew its stake in shares of Ladder Capital by 14.5% in the 3rd quarter. AE Wealth Management LLC now owns 169,512 shares of the real estate investment trust’s stock worth $1,519,000 after acquiring an additional 21,405 shares in the last quarter. Claybrook Capital LLC lifted its position in shares of Ladder Capital by 10.6% during the third quarter. Claybrook Capital LLC now owns 189,104 shares of the real estate investment trust’s stock valued at $1,694,000 after purchasing an additional 18,170 shares in the last quarter. Bailard Inc. bought a new position in shares of Ladder Capital during the third quarter valued at about $227,000. Phocas Financial Corp. lifted its position in shares of Ladder Capital by 3.2% during the third quarter. Phocas Financial Corp. now owns 540,347 shares of the real estate investment trust’s stock valued at $4,842,000 after purchasing an additional 16,992 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Ladder Capital during the third quarter valued at about $61,000. 59.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on LADR. StockNews.com began coverage on shares of Ladder Capital in a report on Wednesday, October 12th. They set a “buy” rating for the company. JMP Securities restated a “buy” rating and set a $12.50 price objective on shares of Ladder Capital in a report on Tuesday, December 20th. Finally, Bank of America reiterated a “neutral” rating on shares of Ladder Capital in a research report on Monday, October 31st. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Ladder Capital currently has an average rating of “Moderate Buy” and an average price target of $13.00.
Ladder Capital Trading Up 0.6 %
Shares of Ladder Capital stock opened at $11.03 on Friday. Ladder Capital Corp has a 12-month low of $8.67 and a 12-month high of $12.69. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 12.53 and a beta of 1.87. The company has a current ratio of 88.12, a quick ratio of 88.12 and a debt-to-equity ratio of 2.82. The company’s 50-day moving average price is $10.64 and its 200-day moving average price is $10.69.
Ladder Capital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Saturday, December 31st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.34%. The ex-dividend date is Thursday, December 29th. Ladder Capital’s payout ratio is 104.55%.
Ladder Capital Company Profile
(Get Rating)
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.
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Want to see what other hedge funds are holding LADR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ladder Capital Corp (NYSE:LADR – Get Rating).
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