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

Waterloo Capital L.P. boosted its stake in Ladder Capital Corp (NYSE:LADR) by 19.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 303,753 shares of the real estate investment trust’s stock after acquiring an additional 49,443 shares during the quarter. Waterloo Capital L.P. owned 0.24% of Ladder Capital worth $3,314,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LADR. Atlantic Union Bankshares Corp purchased a new position in Ladder Capital in the 3rd quarter valued at about $34,000. CWM LLC lifted its position in shares of Ladder Capital by 192.4% in the second quarter. CWM LLC now owns 3,798 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 2,499 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Ladder Capital by 531.7% in the third quarter. Jones Financial Companies Lllp now owns 3,822 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 3,217 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Ladder Capital during the third quarter worth approximately $60,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Ladder Capital in the 2nd quarter valued at $108,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. HSBC set a $13.00 target price on shares of Ladder Capital in a research report on Wednesday, January 21st. Susquehanna set a $13.00 price objective on shares of Ladder Capital in a report on Wednesday, January 21st. B. Riley started coverage on shares of Ladder Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $13.00 target price on the stock. Citigroup restated a “market outperform” rating on shares of Ladder Capital in a research report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ladder Capital in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ladder Capital presently has a consensus rating of “Moderate Buy” and an average target price of $12.92.

Ladder Capital Stock Performance

NYSE LADR opened at $10.34 on Friday. The stock has a fifty day simple moving average of $11.09 and a 200-day simple moving average of $11.05. The company has a current ratio of 35.60, a quick ratio of 35.60 and a debt-to-equity ratio of 2.01. The stock has a market cap of $1.32 billion, a PE ratio of 16.41, a P/E/G ratio of 4.42 and a beta of 1.01. Ladder Capital Corp has a twelve month low of $9.68 and a twelve month high of $11.92.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.23 dividend. 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 (DPR) is 146.03%.

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.