UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 47,085 Shares of Ladder Capital Corp (NYSE:LADR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 21.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 264,655 shares of the real estate investment trust's stock after purchasing an additional 47,085 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Ladder Capital worth $3,070,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LADR. Jennison Associates LLC increased its holdings in shares of Ladder Capital by 1.6% during the 3rd quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust's stock worth $78,505,000 after purchasing an additional 108,079 shares during the period. Principal Financial Group Inc. grew its position in Ladder Capital by 5.0% during the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust's stock worth $23,434,000 after buying an additional 96,573 shares in the last quarter. Victory Capital Management Inc. increased its stake in Ladder Capital by 1.0% during the third quarter. Victory Capital Management Inc. now owns 1,640,319 shares of the real estate investment trust's stock valued at $19,028,000 after acquiring an additional 15,938 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Ladder Capital by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,633,075 shares of the real estate investment trust's stock valued at $18,944,000 after acquiring an additional 4,282 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Ladder Capital by 32.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust's stock worth $12,321,000 after acquiring an additional 266,693 shares during the period. Institutional investors own 62.25% of the company's stock.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a "market outperform" rating and set a $13.50 price objective 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $13.33.

Ladder Capital Price Performance

NYSE LADR traded down $0.14 during trading on Friday, reaching $11.84. 739,968 shares of the company traded hands, compared to its average volume of 631,939. Ladder Capital Corp has a 1-year low of $10.10 and a 1-year high of $12.48. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. The stock's 50 day moving average price is $11.53 and its two-hundred day moving average price is $11.60. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 15.58 and a beta of 1.93.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The business had revenue of $128.64 million for the quarter, compared to analyst estimates of $60.85 million. During the same quarter in the previous year, the firm earned $0.28 EPS. As a group, analysts anticipate that Ladder Capital Corp will post 1.06 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.77%. The ex-dividend date of this dividend is Tuesday, December 31st. Ladder Capital's dividend payout ratio (DPR) 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.