JPMorgan Chase & Co. Has $24.47 Million Stock Position in Ladder Capital Corp (NYSE:LADR)

JPMorgan Chase & Co. cut its stake in Ladder Capital Corp (NYSE:LADR - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,186,928 shares of the real estate investment trust's stock after selling 127,501 shares during the period. JPMorgan Chase & Co. owned approximately 1.71% of Ladder Capital worth $24,472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morey & Quinn Wealth Partners LLC acquired a new position in shares of Ladder Capital during the fourth quarter valued at about $226,000. LPL Financial LLC raised its holdings in Ladder Capital by 2.4% in the 4th quarter. LPL Financial LLC now owns 193,994 shares of the real estate investment trust's stock valued at $2,171,000 after acquiring an additional 4,498 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Ladder Capital in the 4th quarter worth approximately $249,000. Sei Investments Co. grew its holdings in shares of Ladder Capital by 10.2% during the 4th quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust's stock worth $425,000 after purchasing an additional 3,510 shares in the last quarter. Finally, Palogic Value Management L.P. increased its position in shares of Ladder Capital by 9.1% during the fourth quarter. Palogic Value Management L.P. now owns 124,235 shares of the real estate investment trust's stock valued at $1,390,000 after purchasing an additional 10,367 shares during the period. 62.25% of the stock is currently owned by institutional investors and hedge funds.

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Ladder Capital Price Performance

Shares of NYSE LADR traded up $0.08 during midday trading on Tuesday, reaching $10.18. 188,581 shares of the company traded hands, compared to its average volume of 593,534. Ladder Capital Corp has a 12 month low of $9.68 and a 12 month high of $12.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. The stock's 50-day simple moving average is $11.35 and its 200-day simple moving average is $11.38. The firm has a market cap of $1.29 billion, a PE ratio of 11.83 and a beta of 1.44.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (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%. As a group, equities analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.23 per share. The ex-dividend date is Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 9.04%. Ladder Capital's dividend payout ratio (DPR) is presently 106.98%.

Analyst Ratings Changes

Several research analysts recently commented on LADR shares. StockNews.com cut Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. B. Riley raised shares of Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ladder Capital presently has an average rating of "Moderate Buy" and an average price target of $13.17.

Ladder Capital 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.