Morey & Quinn Wealth Partners LLC Makes New Investment in Ladder Capital Corp (NYSE:LADR)

Morey & Quinn Wealth Partners LLC acquired a new stake in Ladder Capital Corp (NYSE:LADR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 20,159 shares of the real estate investment trust’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quest Partners LLC increased its stake in Ladder Capital by 13,513.5% during the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 7,027 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Ladder Capital during the third quarter worth approximately $344,000. Charles Schwab Investment Management Inc. lifted its holdings in Ladder Capital by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,633,075 shares of the real estate investment trust’s stock valued at $18,944,000 after purchasing an additional 4,282 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Ladder Capital by 23.0% in the third quarter. Penserra Capital Management LLC now owns 88,717 shares of the real estate investment trust’s stock valued at $1,029,000 after buying an additional 16,585 shares during the last quarter. Finally, FMR LLC lifted its stake in Ladder Capital by 11.3% in the 3rd quarter. FMR LLC now owns 124,853 shares of the real estate investment trust’s stock worth $1,448,000 after purchasing an additional 12,638 shares in the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LADR shares. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price target on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Finally, StockNews.com cut Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ladder Capital has an average rating of “Moderate Buy” and an average price target of $13.29.

Ladder Capital Stock Performance

NYSE:LADR opened at $11.56 on Wednesday. Ladder Capital Corp has a fifty-two week low of $10.21 and a fifty-two week high of $12.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. The company has a 50 day moving average price of $11.48 and a 200 day moving average price of $11.51. The stock has a market capitalization of $1.47 billion, a P/E ratio of 13.44 and a beta of 1.91.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. Equities research 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. Investors of record on Monday, March 31st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.96%. Ladder Capital’s payout ratio is 106.98%.

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.