Bank of New York Mellon Corp Increases Stake in Ladder Capital Corp (NYSE:LADR)

Bank of New York Mellon Corp increased its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 490,560 shares of the real estate investment trust’s stock after buying an additional 69,537 shares during the period. Bank of New York Mellon Corp owned about 0.38% of Ladder Capital worth $5,489,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LADR. Jane Street Group LLC increased its position in shares of Ladder Capital by 1,089.1% in the 3rd quarter. Jane Street Group LLC now owns 1,528,802 shares of the real estate investment trust’s stock valued at $17,734,000 after purchasing an additional 1,400,238 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Ladder Capital during the 3rd quarter worth $6,907,000. Allspring Global Investments Holdings LLC purchased a new position in Ladder Capital during the 4th quarter worth $4,323,000. Van ECK Associates Corp raised its position in Ladder Capital by 27.2% during the 4th quarter. Van ECK Associates Corp now owns 1,223,151 shares of the real estate investment trust’s stock worth $13,687,000 after buying an additional 261,681 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Ladder Capital by 196.3% during the 3rd quarter. Stifel Financial Corp now owns 165,768 shares of the real estate investment trust’s stock worth $1,923,000 after buying an additional 109,816 shares during the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LADR shares. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. StockNews.com cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.29.

Ladder Capital Price Performance

LADR opened at $11.65 on Monday. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. Ladder Capital Corp has a 52-week low of $10.21 and a 52-week high of $12.48. The company has a 50 day moving average of $11.40 and a two-hundred day moving average of $11.54. The company has a market cap of $1.48 billion, a P/E ratio of 13.54 and a beta of 1.91.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. On average, analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 7.90%. Ladder Capital’s dividend payout ratio is presently 106.98%.

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.