Bank of New York Mellon Corp Increases Position in Ladder Capital Corp (NYSE:LADR)

Bank of New York Mellon Corp lifted its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 490,560 shares of the real estate investment trust's stock after buying an additional 69,537 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.38% of Ladder Capital worth $5,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Quest Partners LLC increased its holdings in Ladder Capital by 13,513.5% during the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 7,027 shares during the period. Quarry LP increased its stake in shares of Ladder Capital by 1,832.9% during the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 7,698 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Ladder Capital in the fourth quarter valued at about $112,000. Longboard Asset Management LP purchased a new stake in Ladder Capital in the fourth quarter worth about $160,000. Finally, HB Wealth Management LLC grew its holdings in Ladder Capital by 13.4% during the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust's stock worth $191,000 after acquiring an additional 2,011 shares in the last quarter. 62.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an "outperform" rating for the company in a research note on Tuesday, January 14th. Finally, StockNews.com cut Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $13.29.

Remove Ads

Ladder Capital Stock Down 0.0 %

LADR traded down $0.01 during trading on Thursday, hitting $11.66. The stock had a trading volume of 173,856 shares, compared to its average volume of 584,882. The stock has a 50 day simple moving average of $11.43 and a two-hundred day simple moving average of $11.53. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. Ladder Capital Corp has a twelve month low of $10.21 and a twelve month high of $12.48. The company has a market capitalization of $1.48 billion, a PE ratio of 13.56 and a beta of 1.91.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. On average, research analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 7.89%. Ladder Capital's dividend payout ratio (DPR) is currently 106.98%.

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.