JPMorgan Chase & Co. Decreases Stock Holdings in Ladder Capital Corp (NYSE:LADR)

JPMorgan Chase & Co. lowered its stake in Ladder Capital Corp (NYSE:LADR) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,186,928 shares of the real estate investment trust’s stock after selling 127,501 shares during the period. JPMorgan Chase & Co. owned 1.71% of Ladder Capital worth $24,472,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Morey & Quinn Wealth Partners LLC purchased a new stake in shares of Ladder Capital in the 4th quarter worth approximately $226,000. LPL Financial LLC grew its position in Ladder Capital by 2.4% during the fourth quarter. LPL Financial LLC now owns 193,994 shares of the real estate investment trust’s stock valued at $2,171,000 after buying an additional 4,498 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Ladder Capital in the 4th quarter worth $249,000. Sei Investments Co. increased its position in Ladder Capital by 10.2% in the fourth quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust’s stock worth $425,000 after buying an additional 3,510 shares in the last quarter. Finally, Palogic Value Management L.P. raised its stake in Ladder Capital by 9.1% during the 4th quarter. Palogic Value Management L.P. now owns 124,235 shares of the real estate investment trust’s stock worth $1,390,000 after acquiring an additional 10,367 shares during the period. Institutional investors own 62.25% of the company’s stock.

Wall Street Analysts Forecast Growth

LADR has been the topic of several research analyst reports. StockNews.com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods lowered their price objective on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating for the company in a research report on Monday. Finally, B. Riley upgraded Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.17.

Ladder Capital Stock Performance

NYSE:LADR opened at $10.53 on Thursday. Ladder Capital Corp has a twelve month low of $9.68 and a twelve month high of $12.48. The company has a market cap of $1.34 billion, a P/E ratio of 12.24 and a beta of 1.44. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The company’s 50-day moving average price is $11.42 and its 200-day moving average price is $11.42.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share 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%. On average, sell-side analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The firm 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. This represents a $0.92 annualized dividend and a yield of 8.74%. The ex-dividend date of this dividend is Monday, March 31st. Ladder Capital’s payout ratio is currently 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.