SG Americas Securities LLC Purchases 51,374 Shares of Ladder Capital Corp $LADR

SG Americas Securities LLC raised its position in shares of Ladder Capital Corp (NYSE:LADR) by 116.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,414 shares of the real estate investment trust’s stock after purchasing an additional 51,374 shares during the quarter. SG Americas Securities LLC’s holdings in Ladder Capital were worth $1,049,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in shares of Ladder Capital by 3.6% in the third quarter. Victory Capital Management Inc. now owns 2,800,065 shares of the real estate investment trust’s stock worth $30,549,000 after acquiring an additional 96,813 shares during the period. Wellington Management Group LLP grew its stake in shares of Ladder Capital by 2.4% in the third quarter. Wellington Management Group LLP now owns 2,666,340 shares of the real estate investment trust’s stock worth $29,090,000 after acquiring an additional 61,292 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Ladder Capital by 11.4% in the third quarter. Qube Research & Technologies Ltd now owns 1,297,609 shares of the real estate investment trust’s stock worth $14,157,000 after acquiring an additional 132,679 shares during the period. Van ECK Associates Corp grew its stake in shares of Ladder Capital by 1.7% in the third quarter. Van ECK Associates Corp now owns 1,152,786 shares of the real estate investment trust’s stock worth $12,577,000 after acquiring an additional 19,763 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Ladder Capital by 33.2% in the third quarter. Two Sigma Investments LP now owns 1,066,564 shares of the real estate investment trust’s stock worth $11,636,000 after acquiring an additional 265,965 shares during the period. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Stock Performance

LADR opened at $9.99 on Thursday. The company has a current ratio of 29.65, a quick ratio of 29.65 and a debt-to-equity ratio of 2.37. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.73 and a beta of 1.00. The company’s 50 day moving average is $10.24 and its 200 day moving average is $10.69. Ladder Capital Corp has a 12-month low of $9.61 and a 12-month high of $11.92.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.2%. Ladder Capital’s dividend payout ratio (DPR) is presently 180.39%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LADR shares. B. Riley Financial started coverage on shares of Ladder Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $13.00 price target for the company. HSBC set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. Citigroup reiterated a “market outperform” rating on shares of Ladder Capital in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Ladder Capital in a research note on Friday, March 27th. Finally, Capital One Financial set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.75.

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.