1 day Ago By Defense World Staff
Geode Capital Management LLC cut its holdings in Ladder Capital Corp (NYSE:LADR – Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,611,545 shares of the real estate investment trust’s stock after selling 38,154 shares during the quarter.
Geode Capital Management LLC owned approximately 2.05% of Ladder Capital worth $29,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds and other institutional investors also recently made changes to their positions in the company.
Janney Montgomery Scott LLC bought a new stake in shares of Ladder Capital during the 4th quarter valued at $112,000. Cibc World Markets Corp purchased a new position in shares of Ladder Capital during the fourth quarter valued at approximately $119,000. Longboard Asset Management LP purchased a new stake in Ladder Capital during the fourth quarter valued at $160,000.
Farther Finance Advisors LLC boosted its holdings in shares of Ladder Capital by 7,907.4% in the fourth quarter. Farther Finance Advisors LLC now owns 16,255 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 16,052 shares during the last quarter.
Finally, HB Wealth Management LLC increased its stake in shares of Ladder Capital by 13.4% in the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 2,011 shares in the last quarter.
Institutional investors own 62.25% of the company’s stock. Ladder Capital Price PerformanceShares of NYSE LADR opened at $10.
24 on Friday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.
91 and a beta of 1.44. Ladder Capital Corp has a 52 week low of $9.
68 and a 52 week high of $12.48. The firm has a 50-day simple moving average of $11.
25 and a 200-day simple moving average of $11.35. The company has a quick ratio of 38.
96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05.
Ladder Capital (NYSE:LADR – Get Free Report) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.
29 by ($0.04). Ladder Capital had a return on equity of 8.
77% and a net margin of 21.36%. On average, equities analysts predict that Ladder Capital Corp will post 1.
03 earnings per share for the current fiscal year. Ladder Capital Dividend AnnouncementThe company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.
23 dividend. This represents a $0.92 annualized dividend and a yield of 8.
99%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital’s dividend payout ratio is currently 106.
98%. Wall Street Analysts Forecast GrowthLADR has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on Ladder Capital from $12.
75 to $12.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. StockNews.
com lowered Ladder Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th.
Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.
17.View Our Latest Stock Analysis on LADRAbout Ladder Capital (Free Report)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.Featured StoriesFive stocks we like better than Ladder CapitalAirline Stocks – Top Airline Stocks to Buy NowTariff Exemptions Set the Stage for a Taiwan Semiconductor RallyStock Trading Terms – Stock Terms Every Investor Needs to KnowMitigating Tariffs: 3 Stocks to Gain From a Weaker U.S.
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