Swiss National Bank Has $2.54 Million Position in Ladder Capital Corp $LADR

Swiss National Bank lessened its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 1.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 222,507 shares of the real estate investment trust’s stock after selling 2,700 shares during the period. Swiss National Bank owned 0.18% of Ladder Capital worth $2,539,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in shares of Ladder Capital by 77.6% in the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust’s stock worth $30,043,000 after purchasing an additional 1,172,961 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Ladder Capital by 35.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust’s stock valued at $19,896,000 after buying an additional 461,739 shares during the period. Jennison Associates LLC lifted its stake in Ladder Capital by 2.8% in the first quarter. Jennison Associates LLC now owns 6,955,381 shares of the real estate investment trust’s stock valued at $79,361,000 after buying an additional 190,867 shares during the period. Lighthouse Investment Partners LLC bought a new position in Ladder Capital during the fourth quarter worth about $1,979,000. Finally, Barclays PLC grew its position in shares of Ladder Capital by 85.1% during the 4th quarter. Barclays PLC now owns 380,127 shares of the real estate investment trust’s stock worth $4,254,000 after buying an additional 174,724 shares during the period. Institutional investors own 62.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Ladder Capital from $11.75 to $12.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Wall Street Zen downgraded shares of Ladder Capital from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $12.75.

Ladder Capital Stock Performance

Shares of LADR opened at $11.5180 on Friday. The firm has a market cap of $1.47 billion, a P/E ratio of 16.45, a PEG ratio of 9.51 and a beta of 1.03. Ladder Capital Corp has a twelve month low of $9.68 and a twelve month high of $12.36. The company has a debt-to-equity ratio of 1.86, a quick ratio of 31.28 and a current ratio of 31.28. The firm’s 50 day moving average price is $11.01 and its two-hundred day moving average price is $10.96.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $56.26 million during the quarter, compared to the consensus estimate of $58.57 million. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 8.0%. Ladder Capital’s dividend payout ratio (DPR) is currently 131.43%.

Insider Activity at Ladder Capital

In other news, Director Mark David Alexander sold 26,795 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $10.86, for a total transaction of $290,993.70. Following the completion of the transaction, the director directly owned 29,229 shares of the company’s stock, valued at $317,426.94. This represents a 47.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 91,382 shares of company stock valued at $1,003,501 in the last 90 days. Insiders own 12.00% of the company’s stock.

Ladder Capital Company 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.