209,185 Shares in Ladder Capital Corp $LADR Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Ladder Capital Corp (NYSE:LADR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 209,185 shares of the real estate investment trust’s stock, valued at approximately $2,282,000. Y Intercept Hong Kong Ltd owned 0.16% of Ladder Capital as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LADR. CWM LLC raised its stake in Ladder Capital by 192.4% in the 2nd quarter. CWM LLC now owns 3,798 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 2,499 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Ladder Capital in the third quarter valued at $60,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Ladder Capital in the second quarter valued at about $108,000. Tower Research Capital LLC TRC lifted its stake in shares of Ladder Capital by 89.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,425 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 4,910 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ladder Capital during the 3rd quarter worth about $113,000. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Price Performance

Shares of NYSE LADR opened at $11.10 on Thursday. The business has a fifty day moving average price of $11.09 and a two-hundred day moving average price of $11.06. The stock has a market capitalization of $1.41 billion, a PE ratio of 17.61, a P/E/G ratio of 7.12 and a beta of 1.01. The company has a debt-to-equity ratio of 2.01, a current ratio of 35.60 and a quick ratio of 35.60. Ladder Capital Corp has a fifty-two week low of $9.68 and a fifty-two week high of $11.92.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s dividend payout ratio is presently 146.03%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LADR. Weiss Ratings reiterated a “hold (c)” rating on shares of Ladder Capital in a research note on Monday, December 29th. Wall Street Zen downgraded Ladder Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Citigroup reiterated a “market outperform” rating on shares of Ladder Capital in a research note on Wednesday, January 21st. HSBC set a $13.00 price target on Ladder Capital in a research note on Wednesday, January 21st. Finally, B. Riley started coverage on Ladder Capital in a research report on Monday, January 5th. They set a “buy” rating and a $13.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.