Cubist Systematic Strategies LLC Acquires Shares of 106,753 Ladder Capital Corp $LADR

Cubist Systematic Strategies LLC acquired a new stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 106,753 shares of the real estate investment trust's stock, valued at approximately $1,218,000. Cubist Systematic Strategies LLC owned 0.08% of Ladder Capital as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mackenzie Financial Corp increased its position in shares of Ladder Capital by 7.6% in the 1st quarter. Mackenzie Financial Corp now owns 20,785 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 1,473 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Ladder Capital by 2.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 61,118 shares of the real estate investment trust's stock worth $712,000 after purchasing an additional 1,741 shares during the last quarter. Aviso Wealth Management increased its position in shares of Ladder Capital by 1.4% in the 1st quarter. Aviso Wealth Management now owns 128,485 shares of the real estate investment trust's stock worth $1,466,000 after purchasing an additional 1,812 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Ladder Capital by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,336 shares of the real estate investment trust's stock worth $563,000 after purchasing an additional 2,251 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of Ladder Capital in the 1st quarter worth about $31,000. 62.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LADR has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Ladder Capital from $11.75 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Wall Street Zen raised shares of Ladder Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Strong Buy" and an average price target of $12.00.

Ladder Capital Price Performance

LADR stock traded down $0.09 on Friday, hitting $11.66. 457,986 shares of the company's stock traded hands, compared to its average volume of 497,627. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $12.25. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 10.00 and a beta of 1.09. The stock has a fifty day moving average of $11.27 and a 200-day moving average of $10.95. The company has a current ratio of 31.28, a quick ratio of 31.28 and a debt-to-equity ratio of 1.86.

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

Insider Activity at Ladder Capital

In related news, Director Mark David Alexander sold 26,795 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $10.86, for a total value of $290,993.70. Following the completion of the sale, the director owned 29,229 shares in the company, valued at approximately $317,426.94. This represents a 47.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 91,382 shares of company stock valued at $1,003,501. 12.00% of the stock is currently owned by corporate insiders.

Ladder Capital Company 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.