JPMorgan Chase & Co. Has $26.85 Million Stock Position in Ladder Capital Corp (NYSE:LADR)

JPMorgan Chase & Co. cut its position in shares of Ladder Capital Corp (NYSE:LADR) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,314,429 shares of the real estate investment trust’s stock after selling 52,910 shares during the period. JPMorgan Chase & Co. owned about 1.81% of Ladder Capital worth $26,847,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its position in Ladder Capital by 5.0% in 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 purchasing an additional 96,573 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Ladder Capital by 23.1% in the 3rd quarter. Franklin Resources Inc. now owns 418,713 shares of the real estate investment trust’s stock worth $4,698,000 after buying an additional 78,562 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ladder Capital by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock worth $30,743,000 after buying an additional 8,178 shares in the last quarter. Barclays PLC boosted its stake in Ladder Capital by 28.3% in the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust’s stock valued at $2,382,000 after buying an additional 45,294 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in Ladder Capital by 17.4% during the third quarter. MML Investors Services LLC now owns 37,565 shares of the real estate investment trust’s stock worth $436,000 after acquiring an additional 5,575 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Stock Down 0.4 %

Shares of NYSE:LADR opened at $11.10 on Wednesday. The company’s fifty day moving average is $11.59 and its 200-day moving average is $11.64. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. Ladder Capital Corp has a 52 week low of $10.10 and a 52 week high of $12.48. The company has a market capitalization of $1.42 billion, a PE ratio of 14.61 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, topping 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 company had revenue of $128.64 million for the quarter, compared to analysts’ expectations of $60.85 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities research analysts predict that Ladder Capital Corp will post 1.06 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.92 annualized dividend and a yield of 8.29%. Ladder Capital’s dividend payout ratio is currently 121.05%.

Ladder Capital Profile

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.