Ladder Capital Corp $LADR Stock Position Raised by Wellington Management Group LLP

Key Points

• Wellington Management increased its Ladder Capital position by 80.5% in the second quarter, adding 1.6 million shares to own 3.58 million shares valued at approximately $35.6 million. Institutional investors and hedge funds collectively own 62.25% of LADR.
• Ladder Capital reported quarterly EPS of $0.24, matching analyst expectations, while revenue of $57.76 million exceeded estimates of $56.50 million. The company also paid a quarterly dividend of $0.23 per share, representing an annualized yield of about 9.4%.
• LADR was trading near $9.83, close to its 12-month low of $9.38. Analysts’ average rating is “Hold”, with a consensus price target of $12.36.

Wellington Management Group LLP boosted its position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 80.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,580,178 shares of the real estate investment trust's stock after purchasing an additional 1,596,839 shares during the period. Wellington Management Group LLP owned 2.82% of Ladder Capital worth $35,623,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Ladder Capital in the second quarter valued at $27,000. CENTRAL TRUST Co acquired a new position in Ladder Capital during the first quarter valued at $33,000. Sunbelt Securities Inc. lifted its stake in Ladder Capital by 48,988.9% in the 1st quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 4,409 shares in the last quarter. KBC Group NV purchased a new stake in Ladder Capital in the 1st quarter worth about $51,000. Finally, BROOKFIELD Corp ON boosted its position in Ladder Capital by 52.7% during the 1st quarter. BROOKFIELD Corp ON now owns 5,414 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 1,868 shares during the period. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Price Performance

NYSE LADR opened at $9.83 on Friday. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. The stock has a market capitalization of $1.25 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.05 and a beta of 0.96. The company has a 50 day moving average price of $9.84 and a two-hundred day moving average price of $10.05. Ladder Capital Corp has a 12-month low of $9.38 and a 12-month high of $11.92.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $57.76 million for the quarter, compared to analyst estimates of $56.50 million. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. During the same quarter in the prior year, the business posted $0.23 EPS. As a group, equities analysts predict that Ladder Capital Corp will post 0.72 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.4%. The ex-dividend date was Tuesday, June 30th. Ladder Capital's dividend payout ratio (DPR) is 219.05%.

Wall Street Analysts Forecast Growth

LADR has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ladder Capital in a research report on Friday, August 7th. Keefe, Bruyette & Woods decreased their target price on shares of Ladder Capital from $11.00 to $10.75 and set an "outperform" rating for the company in a research note on Tuesday, July 28th. Finally, Bank of America reissued a "neutral" rating and set a $10.25 target price on shares of Ladder Capital in a research note on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Ladder Capital has an average rating of "Hold" and a consensus target price of $12.36.

Ladder Capital Company 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.

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