JPMorgan Chase & Co. Sells 52,910 Shares of Ladder Capital Corp (NYSE:LADR)

JPMorgan Chase & Co. cut its stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 2.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,314,429 shares of the real estate investment trust's stock after selling 52,910 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.81% of Ladder Capital worth $26,847,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of LADR. Quest Partners LLC grew its position in shares of Ladder Capital by 13,513.5% in the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 7,027 shares during the last quarter. Quarry LP raised its position in Ladder Capital by 1,832.9% in the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 7,698 shares during the last quarter. MQS Management LLC acquired a new position in shares of Ladder Capital during the second quarter worth $128,000. Algert Global LLC bought a new stake in shares of Ladder Capital in the 2nd quarter valued at about $130,000. Finally, Mount Yale Investment Advisors LLC boosted its stake in shares of Ladder Capital by 24.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust's stock valued at $200,000 after purchasing an additional 3,360 shares during the last quarter. Institutional investors own 62.25% of the company's stock.

Ladder Capital Stock Down 0.4 %

Shares of NYSE LADR traded down $0.04 during trading on Wednesday, hitting $11.05. 542,303 shares of the company traded hands, compared to its average volume of 608,481. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. Ladder Capital Corp has a fifty-two week low of $10.10 and a fifty-two week high of $12.48. The business's fifty day moving average is $11.59 and its 200 day moving average is $11.64. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 14.54 and a beta of 1.92.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. The business had revenue of $128.64 million for the quarter, compared to analyst estimates of $60.85 million. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. During the same period last year, the company posted $0.28 earnings per share. Equities research analysts predict that Ladder Capital Corp will post 1.06 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.33%. The ex-dividend date of this dividend is Tuesday, December 31st. Ladder Capital's dividend payout ratio is currently 121.05%.

About Ladder Capital

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.