Wellington Management Group LLP Purchases 1,596,839 Shares of Ladder Capital Corp $LADR

Wellington Management Group LLP increased its position in shares of Ladder Capital Corp (NYSE:LADR) by 80.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,580,178 shares of the real estate investment trust’s stock after buying an additional 1,596,839 shares during the quarter. Wellington Management Group LLP’s holdings in Ladder Capital were worth $35,623,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in Ladder Capital in the 2nd quarter worth $27,000. CENTRAL TRUST Co bought a new stake in Ladder Capital during the first quarter valued at about $33,000. Sunbelt Securities Inc. grew its position in shares of Ladder Capital by 48,988.9% in the first quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 4,409 shares during the last quarter. KBC Group NV acquired a new stake in shares of Ladder Capital in the first quarter valued at about $51,000. Finally, BROOKFIELD Corp ON increased its stake in shares of Ladder Capital by 52.7% in the first quarter. BROOKFIELD Corp ON now owns 5,414 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,868 shares during the period. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LADR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on Ladder Capital from $11.00 to $10.75 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ladder Capital in a report on Friday, August 7th. Finally, Bank of America reissued a “neutral” rating and issued a $10.25 price objective on shares of Ladder Capital in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.36.

Ladder Capital Stock Performance

NYSE LADR opened at $9.83 on Friday. Ladder Capital Corp has a twelve month low of $9.38 and a twelve month high of $11.92. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. The stock has a market cap of $1.25 billion, a P/E ratio of 23.41, a PEG ratio of 1.05 and a beta of 0.96. The company’s 50-day simple moving average is $9.84 and its 200 day simple moving average is $10.05.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $57.76 million during the quarter, compared to analysts’ expectations of $56.50 million. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. During the same quarter last year, the company earned $0.23 earnings per share. As a group, research analysts forecast that Ladder Capital Corp will post 0.72 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 9.4%. The ex-dividend date was Tuesday, June 30th. Ladder Capital’s dividend payout ratio (DPR) is 219.05%.

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.