Swiss National Bank Sells 29,700 Shares of Ladder Capital Corp (NYSE:LADR)

Swiss National Bank lowered its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 10.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,907 shares of the real estate investment trust’s stock after selling 29,700 shares during the quarter. Swiss National Bank owned 0.19% of Ladder Capital worth $2,324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Ladder Capital by 15.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,038 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 3,396 shares during the last quarter. MetLife Investment Management LLC increased its position in Ladder Capital by 46.6% during the 1st quarter. MetLife Investment Management LLC now owns 57,429 shares of the real estate investment trust’s stock valued at $682,000 after purchasing an additional 18,257 shares during the period. Vanguard Group Inc. grew its position in shares of Ladder Capital by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 10,681,700 shares of the real estate investment trust’s stock worth $126,791,000 after buying an additional 321,502 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Ladder Capital by 12.0% in the 1st quarter. Prudential Financial Inc. now owns 255,391 shares of the real estate investment trust’s stock worth $3,031,000 after buying an additional 27,353 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in Ladder Capital by 28.9% in the 1st quarter. Penserra Capital Management LLC now owns 24,239 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 5,436 shares in the last quarter. Institutional investors own 60.93% of the company’s stock.

Ladder Capital Trading Down 3.0 %

Shares of LADR opened at $10.68 on Wednesday. The company has a current ratio of 89.10, a quick ratio of 89.10 and a debt-to-equity ratio of 2.58. Ladder Capital Corp has a 12-month low of $8.67 and a 12-month high of $11.77. The firm has a 50-day moving average price of $10.89 and a 200 day moving average price of $10.20. The firm has a market capitalization of $1.35 billion, a P/E ratio of 9.53 and a beta of 1.88.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.92 dividend on an annualized basis and a yield of 8.62%. Ladder Capital’s payout ratio is currently 82.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BTIG Research boosted their target price on shares of Ladder Capital from $10.00 to $12.50 and gave the company a “buy” rating in a research note on Monday, July 24th. StockNews.com assumed coverage on shares of Ladder Capital in a report on Thursday, August 17th. They issued a “buy” rating for the company. Raymond James lowered shares of Ladder Capital from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $12.00 to $12.50 in a report on Thursday, July 27th. Finally, JMP Securities upped their target price on shares of Ladder Capital from $12.00 to $13.00 in a report on Thursday, July 27th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Ladder Capital Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. The company 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.