Invesco Ltd. Sells 35,011 Shares of Ladder Capital Corp $LADR

Invesco Ltd. trimmed its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 6.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 472,619 shares of the real estate investment trust’s stock after selling 35,011 shares during the period. Invesco Ltd. owned approximately 0.37% of Ladder Capital worth $5,393,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. lifted its stake in Ladder Capital by 35.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust’s stock worth $19,896,000 after purchasing an additional 461,739 shares during the period. Bank of America Corp DE lifted its position in shares of Ladder Capital by 18.7% during the 4th quarter. Bank of America Corp DE now owns 367,430 shares of the real estate investment trust’s stock worth $4,112,000 after buying an additional 57,766 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Ladder Capital by 37.8% during the 1st quarter. Allianz Asset Management GmbH now owns 307,036 shares of the real estate investment trust’s stock worth $3,503,000 after buying an additional 84,286 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Ladder Capital by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,336 shares of the real estate investment trust’s stock worth $563,000 after buying an additional 2,251 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Ladder Capital by 46.1% during the 1st quarter. LPL Financial LLC now owns 283,407 shares of the real estate investment trust’s stock worth $3,234,000 after buying an additional 89,413 shares during the period. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Performance

LADR stock opened at $11.50 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 31.28 and a quick ratio of 31.28. The company has a 50 day moving average price of $11.06 and a 200 day moving average price of $10.95. Ladder Capital Corp has a fifty-two week low of $9.68 and a fifty-two week high of $12.36. The stock has a market capitalization of $1.47 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 9.80 and a beta of 1.03.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 7.07% and a net margin of 20.05%.During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Ladder Capital from $11.75 to $12.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Wall Street Zen downgraded shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, Ladder Capital currently has a consensus rating of “Buy” and a consensus target price of $12.75.

Insiders Place Their Bets

In other Ladder Capital news, Director Mark David Alexander sold 26,795 shares of the business’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 sale, the director directly owned 29,229 shares of the company’s stock, valued at approximately $317,426.94. The trade was a 47.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 91,382 shares of company stock worth $1,003,501. 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.