BNP Paribas Financial Markets Has $403,000 Holdings in Ladder Capital Corp (NYSE:LADR)

BNP Paribas Financial Markets boosted its holdings in Ladder Capital Corp (NYSE:LADR) by 34.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,709 shares of the real estate investment trust’s stock after buying an additional 8,887 shares during the quarter. BNP Paribas Financial Markets’ holdings in Ladder Capital were worth $403,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Jennison Associates LLC boosted its stake in shares of Ladder Capital by 1.6% during the third quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust’s stock valued at $78,505,000 after purchasing an additional 108,079 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ladder Capital by 5.0% during the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after purchasing an additional 96,573 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Ladder Capital by 1.0% during the third quarter. Victory Capital Management Inc. now owns 1,640,319 shares of the real estate investment trust’s stock valued at $19,028,000 after purchasing an additional 15,938 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Ladder Capital by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,633,075 shares of the real estate investment trust’s stock valued at $18,944,000 after purchasing an additional 4,282 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Ladder Capital by 32.3% during the second quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock valued at $12,321,000 after purchasing an additional 266,693 shares in the last quarter. 62.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and set a $13.50 price objective on shares of Ladder Capital in a research report on Friday, August 30th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Ladder Capital Price Performance

Shares of LADR opened at $11.84 on Friday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.58 and a beta of 1.93. The business has a 50-day moving average of $11.53 and a 200-day moving average of $11.60. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. Ladder Capital Corp has a 1 year low of $10.10 and a 1 year high of $12.48.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $128.64 million during the quarter, compared to the consensus estimate of $60.85 million. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. During the same period in the previous year, the company posted $0.28 earnings per share. As a group, equities research analysts anticipate that Ladder Capital Corp will post 1.06 earnings per share for the current year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 7.77%. Ladder Capital’s payout ratio is currently 121.05%.

About Ladder Capital

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.