Ladder Capital Corp $LADR Shares Purchased by Access Investment Management LLC

Access Investment Management LLC lifted its stake in Ladder Capital Corp (NYSE:LADR) by 28.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 440,384 shares of the real estate investment trust’s stock after purchasing an additional 96,630 shares during the quarter. Access Investment Management LLC’s holdings in Ladder Capital were worth $4,805,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Jennison Associates LLC increased its stake in Ladder Capital by 7.7% during the 2nd quarter. Jennison Associates LLC now owns 7,493,528 shares of the real estate investment trust’s stock valued at $80,555,000 after purchasing an additional 538,147 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Ladder Capital by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust’s stock valued at $28,771,000 after acquiring an additional 20,022 shares during the period. Qube Research & Technologies Ltd raised its stake in Ladder Capital by 38.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,164,930 shares of the real estate investment trust’s stock worth $12,523,000 after acquiring an additional 326,210 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Ladder Capital during the 2nd quarter worth about $6,289,000. Finally, Bank of America Corp DE lifted its position in Ladder Capital by 15.2% during the 2nd quarter. Bank of America Corp DE now owns 438,918 shares of the real estate investment trust’s stock worth $4,718,000 after acquiring an additional 57,852 shares during the period. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Trading Down 1.7%

Shares of NYSE:LADR opened at $10.97 on Friday. The company has a current ratio of 35.60, a quick ratio of 35.60 and a debt-to-equity ratio of 2.01. Ladder Capital Corp has a 12-month low of $9.68 and a 12-month high of $11.92. The business has a 50 day moving average of $11.11 and a two-hundred day moving average of $11.06. The company has a market capitalization of $1.40 billion, a PE ratio of 17.41, a PEG ratio of 7.13 and a beta of 1.01.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s payout ratio is currently 146.03%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LADR. Susquehanna set a $13.00 price objective on Ladder Capital in a report on Wednesday, January 21st. B. Riley initiated coverage on Ladder Capital in a research report on Monday, January 5th. They issued a “buy” rating and a $13.00 target price on the stock. HSBC set a $13.00 price target on shares of Ladder Capital in a report on Wednesday, January 21st. Capital One Financial set a $13.00 price objective on shares of Ladder Capital in a research note on Wednesday, January 21st. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Ladder Capital in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ladder Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.80.

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.