Capital Fund Management S.A. Invests $1.02 Million in Ladder Capital Corp (LADR)
Capital Fund Management S.A. purchased a new position in Ladder Capital Corp (NYSE:LADR) during the 3rd quarter, Holdings Channel reports. The fund purchased 60,000 shares of the real estate investment trust’s stock, valued at approximately $1,016,000.
Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Ladder Capital by 24.8% in the second quarter. BlackRock Inc. now owns 8,783,634 shares of the real estate investment trust’s stock worth $137,203,000 after acquiring an additional 1,746,882 shares in the last quarter. Prudential Financial Inc. raised its stake in Ladder Capital by 2.9% during the third quarter. Prudential Financial Inc. now owns 3,611,732 shares of the real estate investment trust’s stock valued at $61,183,000 after buying an additional 102,597 shares in the last quarter. LSV Asset Management raised its stake in Ladder Capital by 27,444.7% during the third quarter. LSV Asset Management now owns 1,762,862 shares of the real estate investment trust’s stock valued at $29,862,000 after buying an additional 1,756,462 shares in the last quarter. Advisors Capital Management LLC raised its stake in Ladder Capital by 30.5% during the second quarter. Advisors Capital Management LLC now owns 1,012,384 shares of the real estate investment trust’s stock valued at $15,813,000 after buying an additional 236,780 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Ladder Capital by 9.3% during the second quarter. Northern Trust Corp now owns 1,002,486 shares of the real estate investment trust’s stock valued at $15,659,000 after buying an additional 85,035 shares in the last quarter. Institutional investors and hedge funds own 55.79% of the company’s stock.
Shares of NYSE LADR opened at $17.03 on Wednesday. Ladder Capital Corp has a 52-week low of $13.40 and a 52-week high of $17.90. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 8.87 and a beta of 0.86. The company has a debt-to-equity ratio of 3.06, a quick ratio of 74.92 and a current ratio of 74.92.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 24th. Stockholders of record on Monday, December 10th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 13.39%. This is a boost from Ladder Capital’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, December 7th. Ladder Capital’s dividend payout ratio is presently 95.59%.
Several brokerages have issued reports on LADR. Zacks Investment Research upgraded Ladder Capital from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, October 25th. B. Riley upped their price objective on Ladder Capital from $16.00 to $17.50 and gave the company a “buy” rating in a research note on Tuesday, August 7th. JMP Securities upped their price objective on Ladder Capital from $17.00 to $17.50 and gave the company a “market outperform” rating in a research note on Monday, August 6th. Deutsche Bank upped their price objective on Ladder Capital from $16.50 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Finally, JPMorgan Chase & Co. cut Ladder Capital from an “overweight” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Wednesday, October 24th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $17.81.
Ladder Capital Profile
Ladder Capital Corp operates as a 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.
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