Y Intercept Hong Kong Ltd Acquires Shares of 209,185 Ladder Capital Corp $LADR

Y Intercept Hong Kong Ltd bought a new stake in Ladder Capital Corp (NYSE:LADR) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 209,185 shares of the real estate investment trust’s stock, valued at approximately $2,282,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Ladder Capital by 111.7% in the first quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 11,709 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Ladder Capital in the first quarter worth about $209,000. Jane Street Group LLC boosted its stake in shares of Ladder Capital by 997.0% in the 1st quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock valued at $2,056,000 after purchasing an additional 163,800 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Ladder Capital by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 193,017 shares of the real estate investment trust’s stock valued at $2,075,000 after purchasing an additional 6,193 shares during the last quarter. Finally, CWM LLC increased its position in Ladder Capital by 192.4% during the 2nd quarter. CWM LLC now owns 3,798 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,499 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Performance

LADR stock opened at $11.10 on Thursday. The firm has a market cap of $1.41 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 7.12 and a beta of 1.01. The company has a current ratio of 35.60, a quick ratio of 35.60 and a debt-to-equity ratio of 2.01. The stock has a 50-day moving average price of $11.09 and a 200-day moving average price of $11.06. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $11.92.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s dividend payout ratio is presently 146.03%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LADR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Ladder Capital in a report on Monday, December 29th. Susquehanna set a $13.00 target price on shares of Ladder Capital in a research report on Wednesday, January 21st. B. Riley initiated coverage on shares of Ladder Capital in a research report on Monday, January 5th. They issued a “buy” rating and a $13.00 price target for the company. Citigroup reiterated a “market outperform” rating on shares of Ladder Capital in a report on Wednesday, January 21st. Finally, HSBC set a $13.00 price objective on Ladder Capital in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.80.

Ladder Capital Company Profile

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.