Wolverine Asset Management LLC Takes $1.41 Million Position in Ladder Capital Corp (NYSE:LADR)

Wolverine Asset Management LLC acquired a new stake in shares of Ladder Capital Corp (NYSE:LADR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 122,814 shares of the real estate investment trust’s stock, valued at approximately $1,414,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its position in Ladder Capital by 9.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,714 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 1,129 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Ladder Capital by 7.2% during the 4th quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 935 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ladder Capital by 78.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,287 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 9,347 shares during the last quarter. Peak Financial Management Inc. acquired a new stake in shares of Ladder Capital during the 4th quarter worth $228,000. Finally, Private Advisor Group LLC increased its holdings in shares of Ladder Capital by 15.6% during the 3rd quarter. Private Advisor Group LLC now owns 24,101 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 3,257 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Price Performance

Shares of LADR stock opened at $10.50 on Thursday. Ladder Capital Corp has a twelve month low of $8.84 and a twelve month high of $12.00. The company has a market capitalization of $1.33 billion, a PE ratio of 12.96 and a beta of 1.92. The company has a current ratio of 64.38, a quick ratio of 64.38 and a debt-to-equity ratio of 2.47. The firm has a fifty day simple moving average of $10.76 and a 200-day simple moving average of $10.85.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Ladder Capital had a net margin of 18.92% and a return on equity of 9.70%. The company had revenue of $121.27 million during the quarter, compared to analyst estimates of $63.22 million. During the same period last year, the business earned $0.28 EPS. Equities research analysts anticipate that Ladder Capital Corp will post 1.13 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.77%. The ex-dividend date was Wednesday, March 27th. Ladder Capital’s dividend payout ratio (DPR) is presently 113.58%.

Wall Street Analyst Weigh In

Several brokerages have commented on LADR. Keefe, Bruyette & Woods dropped their price target on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a research note on Wednesday, April 10th. TheStreet downgraded shares of Ladder Capital from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $12.63.

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.