Ladder Capital Corp $LADR Shares Sold by LSV Asset Management

LSV Asset Management cut its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 575,300 shares of the real estate investment trust’s stock after selling 55,200 shares during the quarter. LSV Asset Management owned about 0.45% of Ladder Capital worth $6,277,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC boosted its holdings in Ladder Capital by 7.7% during the 2nd quarter. Jennison Associates LLC now owns 7,493,528 shares of the real estate investment trust’s stock valued at $80,555,000 after acquiring an additional 538,147 shares during the period. Geode Capital Management LLC grew its holdings in shares of Ladder Capital by 0.8% in the second quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust’s stock valued at $28,771,000 after purchasing an additional 20,022 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Ladder Capital by 38.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,164,930 shares of the real estate investment trust’s stock worth $12,523,000 after buying an additional 326,210 shares during the period. Allianz Asset Management GmbH boosted its position in Ladder Capital by 49.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 623,013 shares of the real estate investment trust’s stock valued at $6,797,000 after buying an additional 207,167 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Ladder Capital in the second quarter worth $6,289,000. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LADR has been the subject of a number of recent analyst reports. B. Riley Financial initiated coverage on Ladder Capital in a report on Monday, January 5th. They set a “buy” rating and a $13.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Ladder Capital in a research note on Monday, December 29th. HSBC set a $13.00 price objective on shares of Ladder Capital in a research report on Wednesday, January 21st. Susquehanna set a $13.00 target price on shares of Ladder Capital in a research report on Wednesday, January 21st. Finally, Capital One Financial set a $13.00 price target on shares of Ladder Capital in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Ladder Capital currently has an average rating of “Moderate Buy” and an average target price of $12.92.

Ladder Capital Trading Up 0.4%

Shares of Ladder Capital stock opened at $10.40 on Monday. The company’s 50-day simple moving average is $11.02 and its 200-day simple moving average is $11.02. Ladder Capital Corp has a 52-week low of $9.68 and a 52-week high of $11.92. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 4.27 and a beta of 1.01. The company has a quick ratio of 29.65, a current ratio of 29.65 and a debt-to-equity ratio of 2.37.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s payout ratio is currently 180.39%.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.