UBS Asset Management Americas Inc. lessened its stake in Ladder Capital Corp (NYSE:LADR) by 39.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 78,526 shares of the real estate investment trust’s stock after selling 51,719 shares during the period. UBS Asset Management Americas Inc.’s holdings in Ladder Capital were worth $906,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of LADR. Cubist Systematic Strategies LLC acquired a new stake in Ladder Capital during the second quarter worth $705,000. Dark Forest Capital Management LP acquired a new stake in shares of Ladder Capital in the second quarter valued at $39,000. Putnam Investments LLC grew its stake in shares of Ladder Capital by 9.0% in the second quarter. Putnam Investments LLC now owns 298,900 shares of the real estate investment trust’s stock valued at $3,449,000 after buying an additional 24,800 shares in the last quarter. Morgan Stanley grew its stake in shares of Ladder Capital by 63.7% in the second quarter. Morgan Stanley now owns 247,845 shares of the real estate investment trust’s stock valued at $2,859,000 after buying an additional 96,414 shares in the last quarter. Finally, Amundi acquired a new stake in shares of Ladder Capital in the second quarter valued at $12,443,000. 55.49% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE LADR opened at $12.03 on Thursday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 92.55 and a beta of 2.16. The company has a debt-to-equity ratio of 2.49, a current ratio of 94.17 and a quick ratio of 94.17. The business has a 50-day moving average of $11.71 and a two-hundred day moving average of $11.55. Ladder Capital Corp has a 1 year low of $9.08 and a 1 year high of $12.65.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 15th. Shareholders of record on Thursday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date was Wednesday, September 29th. Ladder Capital’s dividend payout ratio (DPR) is 615.43%.
A number of research analysts recently issued reports on the company. BTIG Research reiterated a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a report on Friday, October 29th. Zacks Investment Research upgraded Ladder Capital from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Wednesday, November 3rd. One investment analyst has rated the stock with a sell rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Ladder Capital has an average rating of “Buy” and a consensus price target of $13.13.
Ladder Capital Company Profile
Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate, and Corporate and Other. The Loans segment includes mortgage loan receivables held for investment and mortgage loan receivables held for sale.
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