5 Housing Stocks Redditors are Buying

2. Ladder Capital Corp (NYSE:LADR)

Number of Hedge Fund Holders: 6

Ladder Capital Corp (NYSE:LADR) was founded in 2008 and is headquartered in New York. It operates as a commercial real estate investment trust, offering mortgage loans to the commercial real estate market. Ladder Capital Corp (NYSE:LADR)’s Real Estate segment owns and invests in a portfolio of commercial and residential real estate properties, which are available for leasing. 

On March 15, Ladder Capital Corp (NYSE:LADR) declared a $0.20 per share quarterly dividend, in line with previous. The dividend was distributed to shareholders on April 15. Ladder Capital Corp (NYSE:LADR) delivers a dividend yield of 6.62% as of April 22. 

Coverage of Ladder Capital Corp (NYSE:LADR) was transferred from analyst Timothy Hayes to Eric Hagen at  BTIG, who maintained a Buy rating and a $13.50 price target on the stock on March 11.

Among the hedge funds tracked by Insider Monkey, Ladder Capital Corp (NYSE:LADR) was found in the public stock portfolios of 6 funds at the end of December 2021, compared to 8 funds in the earlier quarter. Michael Gelband’s ExodusPoint Capital is the biggest shareholder of the company, with 342,199 shares worth over $4 million.