Aviso Wealth Management Has $1.42 Million Stock Position in Ladder Capital Corp (NYSE:LADR)

Aviso Wealth Management lowered its stake in Ladder Capital Corp (NYSE:LADR) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 126,673 shares of the real estate investment trust’s stock after selling 4,255 shares during the quarter. Aviso Wealth Management owned about 0.10% of Ladder Capital worth $1,417,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC raised its holdings in Ladder Capital by 13,513.5% in the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 7,027 shares during the period. Quarry LP raised its stake in Ladder Capital by 1,832.9% during the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 7,698 shares during the period. Janney Montgomery Scott LLC bought a new position in Ladder Capital during the fourth quarter worth about $112,000. Cibc World Markets Corp bought a new stake in shares of Ladder Capital in the fourth quarter worth about $119,000. Finally, Longboard Asset Management LP acquired a new stake in shares of Ladder Capital during the fourth quarter worth about $160,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Price Performance

Shares of Ladder Capital stock opened at $11.56 on Wednesday. The company has a 50-day simple moving average of $11.48 and a two-hundred day simple moving average of $11.51. Ladder Capital Corp has a twelve month low of $10.21 and a twelve month high of $12.48. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 13.44 and a beta of 1.91. 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) last posted its quarterly earnings data 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%. Analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.96%. The ex-dividend date is Monday, March 31st. Ladder Capital’s dividend payout ratio is currently 106.98%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. StockNews.com lowered Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods dropped their target price on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ladder Capital has a consensus rating of “Moderate Buy” and an average target price of $13.29.

Ladder Capital Company 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.