JPMorgan Chase & Co. Decreases Position in Ladder Capital Corp $LADR

JPMorgan Chase & Co. lowered its stake in Ladder Capital Corp (NYSE:LADR) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,331,545 shares of the real estate investment trust’s stock after selling 78,542 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ladder Capital were worth $25,437,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LADR. Access Investment Management LLC increased its stake in Ladder Capital by 28.1% during the 3rd quarter. Access Investment Management LLC now owns 440,384 shares of the real estate investment trust’s stock worth $4,805,000 after buying an additional 96,630 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Ladder Capital by 49.8% during the third quarter. Allianz Asset Management GmbH now owns 623,013 shares of the real estate investment trust’s stock valued at $6,797,000 after acquiring an additional 207,167 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Ladder Capital by 81,503.1% during the second quarter. Russell Investments Group Ltd. now owns 372,110 shares of the real estate investment trust’s stock valued at $4,000,000 after acquiring an additional 371,654 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Ladder Capital by 0.8% during the second quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust’s stock worth $28,771,000 after acquiring an additional 20,022 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Ladder Capital in the third quarter worth about $2,282,000. 62.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ladder Capital in a research report on Monday, December 29th. Wall Street Zen cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. HSBC set a $13.00 price objective on shares of Ladder Capital in a research note on Wednesday, January 21st. B. Riley Financial began coverage on shares of Ladder Capital in a research report on Monday, January 5th. They issued a “buy” rating and a $13.00 target price for the company. Finally, Capital One Financial set a $13.00 target price on shares of Ladder Capital in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ladder Capital presently has an average rating of “Moderate Buy” and a consensus price target of $12.92.

Ladder Capital Price Performance

Shares of NYSE:LADR opened at $10.38 on Monday. The company has a market cap of $1.32 billion, a PE ratio of 20.35, a P/E/G ratio of 0.77 and a beta of 1.00. Ladder Capital Corp has a fifty-two week low of $9.68 and a fifty-two week high of $11.92. The firm has a 50-day simple moving average of $10.85 and a 200 day simple moving average of $10.98. The company has a quick ratio of 29.65, a current ratio of 29.65 and a debt-to-equity ratio of 2.37.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s dividend payout ratio is presently 180.39%.

Ladder Capital 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.