AlphaQuest LLC Has $1.96 Million Position in Ladder Capital Corp $LADR

Key Points

• AlphaQuest LLC increased its stake in **Ladder Capital Corp** by **87.5%** during the first quarter, owning a total of **171,429 shares** valued at approximately **$1.96 million**.
• Several institutional investors also made significant moves, with **62.25%** of the company's stock now owned by institutional investors.
• Ladder Capital announced a quarterly dividend of **$0.23**, which annualizes to an **8.0% yield**, but its dividend payout ratio stands at **131.43%**.

AlphaQuest LLC grew its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 87.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,429 shares of the real estate investment trust's stock after acquiring an additional 79,997 shares during the quarter. AlphaQuest LLC owned 0.13% of Ladder Capital worth $1,956,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LADR. KBC Group NV acquired a new stake in Ladder Capital during the 1st quarter worth approximately $31,000. Versant Capital Management Inc bought a new position in Ladder Capital during the 1st quarter worth about $38,000. Sterling Capital Management LLC increased its holdings in Ladder Capital by 816.1% during the 4th quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 3,240 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Ladder Capital in the 4th quarter valued at about $84,000. Finally, Jump Financial LLC lifted its holdings in shares of Ladder Capital by 50.0% in the fourth quarter. Jump Financial LLC now owns 15,000 shares of the real estate investment trust's stock valued at $168,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 62.25% of the company's stock.

Insider Activity at Ladder Capital

In related news, Director Mark David Alexander sold 34,587 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $11.12, for a total value of $384,607.44. Following the sale, the director owned 86,024 shares in the company, valued at approximately $956,586.88. This represents a 28.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 91,382 shares of company stock worth $1,003,501. Insiders own 12.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Ladder Capital from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods lifted their price objective 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. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $12.75.

Ladder Capital Stock Down 0.0%

Shares of NYSE:LADR traded down $0.01 during midday trading on Wednesday, hitting $11.50. The stock had a trading volume of 323,946 shares, compared to its average volume of 659,812. Ladder Capital Corp has a 12 month low of $9.68 and a 12 month 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. The business's 50-day simple moving average is $11.04 and its 200-day simple moving average is $10.95. The company has a market cap of $1.47 billion, a P/E ratio of 16.42, a PEG ratio of 9.74 and a beta of 1.03.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $56.26 million for 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 firm posted $0.31 earnings per share. On average, sell-side analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

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