UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 29,762 Shares of Ladder Capital Corp (NYSE:LADR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Ladder Capital Corp (NYSE:LADR) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,417 shares of the real estate investment trust’s stock after acquiring an additional 29,762 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Ladder Capital worth $3,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its holdings in Ladder Capital by 816.1% during the 4th quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 3,240 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Ladder Capital in the fourth quarter worth $84,000. Janney Montgomery Scott LLC bought a new stake in shares of Ladder Capital during the fourth quarter worth $112,000. Cibc World Markets Corp bought a new stake in shares of Ladder Capital during the fourth quarter worth $119,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Ladder Capital during the fourth quarter worth $129,000. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Trading Up 0.6%

Ladder Capital stock opened at $10.50 on Friday. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. Ladder Capital Corp has a 12 month low of $9.68 and a 12 month high of $12.48. The stock’s 50 day simple moving average is $10.42 and its two-hundred day simple moving average is $11.13. The firm has a market cap of $1.33 billion, a PE ratio of 12.21 and a beta of 1.01.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The business had revenue of $51.20 million for the quarter, compared to analyst estimates of $65.15 million. Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. During the same period in the previous year, the company earned $0.33 earnings per share. Analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.76%. The ex-dividend date was Monday, March 31st. Ladder Capital’s dividend payout ratio is currently 112.20%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LADR. Wall Street Zen downgraded Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods dropped their price target on Ladder Capital from $12.75 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Ladder Capital currently has an average rating of “Moderate Buy” and a consensus target price of $13.17.

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.