Y Intercept Hong Kong Ltd Sells 32,572 Shares of Ladder Capital Corp (NYSE:LADR)

Y Intercept Hong Kong Ltd cut its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 58.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,601 shares of the real estate investment trust’s stock after selling 32,572 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ladder Capital were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MML Investors Services LLC raised its holdings 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. Jane Street Group LLC grew its position in shares of Ladder Capital by 1,089.1% in the third 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 position in shares of Ladder Capital in the third quarter valued at approximately $6,907,000. State Street Corp grew its position in shares of Ladder Capital by 1.9% in the third quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust’s stock valued at $35,411,000 after purchasing an additional 54,598 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Ladder Capital by 196.3% during the third 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 in the last quarter. 62.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Ladder Capital Stock Down 3.3 %

Shares of LADR opened at $11.29 on Thursday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 14.86 and a beta of 1.93. Ladder Capital Corp has a 52 week low of $10.10 and a 52 week high of $12.48. The stock has a fifty day moving average of $11.56 and a 200-day moving average of $11.62. 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 (NYSE:LADR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating 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 prior year, the business posted $0.28 earnings per share. As a group, sell-side analysts anticipate that Ladder Capital Corp will post 1.06 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.23 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.15%. Ladder Capital’s payout ratio is 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.