Invesco Ltd. Lowers Stock Position in Ladder Capital Corp $LADR

Key Points

• Invesco Ltd. has reduced its holdings in Ladder Capital Corp by 6.9%, selling 35,011 shares and now owning approximately 0.37% of the company, valued at $5.39 million.
• Ladder Capital recently reported earnings of $0.23 per share, marginally exceeding analysts' expectations, but its revenue for the quarter came in under projections at $56.26 million.
• The company declared a quarterly dividend of $0.23 per share, reflecting an annualized yield of 8.0%, despite a payout ratio of 131.43%.

Invesco Ltd. trimmed its stake in Ladder Capital Corp (NYSE:LADR - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 472,619 shares of the real estate investment trust's stock after selling 35,011 shares during the period. Invesco Ltd. owned approximately 0.37% of Ladder Capital worth $5,393,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. KBC Group NV bought a new position in shares of Ladder Capital in the first quarter worth approximately $31,000. Versant Capital Management Inc bought a new position in Ladder Capital during the first quarter valued at approximately $38,000. GAMMA Investing LLC grew its position in Ladder Capital by 1,364.2% during the first quarter. GAMMA Investing LLC now owns 18,302 shares of the real estate investment trust's stock valued at $209,000 after acquiring an additional 17,052 shares during the last quarter. Mackenzie Financial Corp bought a new position in Ladder Capital during the fourth quarter valued at approximately $216,000. Finally, Tudor Investment Corp ET AL bought a new position in Ladder Capital during the fourth quarter valued at approximately $241,000. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Trading Down 0.6%

Shares of NYSE:LADR traded down $0.08 during trading on Tuesday, reaching $11.55. 697,563 shares of the company traded hands, compared to its average volume of 487,063. The business's fifty day moving average is $11.13 and its 200-day moving average is $10.95. Ladder Capital Corp has a 52-week low of $9.68 and a 52-week high of $12.35. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 9.90 and a beta of 1.09. 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 announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. Ladder Capital had a return on equity of 7.07% and a net margin of 20.05%.The company had revenue of $56.26 million during the quarter, compared to analyst estimates of $58.57 million. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 8.0%. Ladder Capital's dividend payout ratio (DPR) is presently 131.43%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Ladder Capital from a "sell" rating to a "hold" rating in a research report on Saturday. 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 research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to MarketBeat, Ladder Capital presently has an average rating of "Strong Buy" and a consensus price target of $12.00.

Insider Buying and Selling

In related news, Director Mark David Alexander sold 26,795 shares of the firm's stock in a transaction on Friday, August 1st. The stock was 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 of the company's stock, valued at $317,426.94. This trade represents a 47.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 91,382 shares of company stock valued at $1,003,501 over the last ninety days. Company insiders own 12.00% of the company's stock.

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.