State Street Corp Purchases 54,598 Shares of Ladder Capital Corp (NYSE:LADR)

State Street Corp boosted its stake in Ladder Capital Corp (NYSE:LADR - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,994,537 shares of the real estate investment trust's stock after acquiring an additional 54,598 shares during the period. State Street Corp owned 2.35% of Ladder Capital worth $35,411,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LADR. Stifel Financial Corp grew its holdings in Ladder Capital by 196.3% during the third quarter. Stifel Financial Corp now owns 165,768 shares of the real estate investment trust's stock valued at $1,923,000 after purchasing an additional 109,816 shares during the period. Quarry LP grew its stake in shares of Ladder Capital by 1,832.9% during the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 7,698 shares during the period. Verition Fund Management LLC increased its holdings in Ladder Capital by 80.9% in the 3rd quarter. Verition Fund Management LLC now owns 30,296 shares of the real estate investment trust's stock worth $351,000 after acquiring an additional 13,545 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Ladder Capital by 21.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 264,655 shares of the real estate investment trust's stock worth $3,070,000 after acquiring an additional 47,085 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Ladder Capital by 34.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,709 shares of the real estate investment trust's stock valued at $403,000 after acquiring an additional 8,887 shares during the period. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a "market outperform" rating and set a $13.50 target price on shares of Ladder Capital in a research report on Friday, August 30th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Ladder Capital has an average rating of "Moderate Buy" and a consensus price target of $13.33.

Ladder Capital Price Performance

NYSE LADR traded up $0.21 during trading hours on Friday, hitting $11.41. The company had a trading volume of 1,367,528 shares, compared to its average volume of 636,583. The firm has a 50 day simple moving average of $11.57 and a 200 day simple moving average of $11.61. Ladder Capital Corp has a 52 week low of $10.10 and a 52 week high of $12.48. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.01 and a beta of 1.93. 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 (NYSE:LADR - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.04. The company had revenue of $128.64 million during the quarter, compared to analyst estimates of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same period last year, the business earned $0.28 earnings per share. Equities research analysts expect that Ladder Capital Corp will post 1.06 earnings per share for the current year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.06%. Ladder Capital's payout ratio is currently 121.05%.

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.