Connor Clark & Lunn Investment Management Ltd. Increases Position in Ladder Capital Corp $LADR

Key Points

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Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 366.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,730 shares of the real estate investment trust's stock after purchasing an additional 48,498 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Ladder Capital were worth $704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV purchased a new stake in Ladder Capital in the first quarter worth about $31,000. Versant Capital Management Inc purchased a new stake in shares of Ladder Capital during the first quarter valued at approximately $38,000. Sterling Capital Management LLC grew its holdings in shares of Ladder Capital by 816.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 3,240 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Ladder Capital during the fourth quarter valued at approximately $84,000. Finally, Jump Financial LLC grew its holdings in shares of Ladder Capital by 50.0% during the fourth quarter. Jump Financial LLC now owns 15,000 shares of the real estate investment trust's stock valued at $168,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LADR shares. Keefe, Bruyette & Woods increased their price target on shares of Ladder Capital from $11.75 to $12.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Wall Street Zen cut shares of Ladder Capital from a "hold" rating to a "sell" rating in a report on Saturday, July 26th.

Insiders Place Their Bets

In related news, Director Mark David Alexander sold 34,587 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $11.12, for a total transaction of $384,607.44. Following the transaction, the director owned 86,024 shares in the company, valued at $956,586.88. This represents a 28.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 91,382 shares of company stock worth $1,003,501 in the last 90 days. 12.00% of the stock is owned by corporate insiders.

Ladder Capital Trading Down 0.1%

NYSE:LADR opened at $11.16 on Tuesday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 9.52 and a beta of 1.03. The company's 50 day moving average price is $10.96 and its 200-day moving average price is $10.95. Ladder Capital Corp has a 52 week low of $9.68 and a 52 week high of $12.36. The company has a quick ratio of 31.28, a current ratio of 31.28 and a debt-to-equity ratio of 1.86.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The company had revenue of $56.26 million for the quarter, compared to the consensus estimate of $58.57 million. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, equities research analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.23 per share. The ex-dividend date was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 8.2%. Ladder Capital's dividend payout ratio is 131.43%.

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.

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