Waterloo Capital L.P. Has $2.22 Million Holdings in Ladder Capital Corp (NYSE:LADR)

Waterloo Capital L.P. increased its stake in shares of Ladder Capital Corp (NYSE:LADR) by 26.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,993 shares of the real estate investment trust’s stock after acquiring an additional 41,096 shares during the period. Waterloo Capital L.P. owned about 0.16% of Ladder Capital worth $2,216,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Quarry LP raised its stake in shares of Ladder Capital by 1,832.9% in the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 7,698 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Ladder Capital in the 4th quarter valued at approximately $112,000. Cibc World Markets Corp bought a new stake in Ladder Capital in the 4th quarter valued at approximately $119,000. Landscape Capital Management L.L.C. acquired a new position in Ladder Capital during the 4th quarter worth approximately $129,000. Finally, Longboard Asset Management LP bought a new position in shares of Ladder Capital during the 4th quarter worth approximately $160,000. 62.25% of the stock is owned by institutional investors.

Ladder Capital Stock Down 5.4 %

Shares of LADR stock opened at $10.61 on Friday. Ladder Capital Corp has a 52-week low of $10.21 and a 52-week high of $12.48. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 12.33 and a beta of 1.44. The firm’s 50-day moving average is $11.52 and its 200-day moving average is $11.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. Sell-side analysts predict that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.68%. Ladder Capital’s dividend payout ratio is currently 106.98%.

Analyst Ratings Changes

A number of analysts have recently commented on LADR shares. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price objective 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 downgraded Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.29.

About Ladder Capital

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.