UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 29,762 Shares of Ladder Capital Corp (NYSE:LADR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 294,417 shares of the real estate investment trust's stock after buying an additional 29,762 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Ladder Capital worth $3,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Squarepoint Ops LLC grew its holdings in Ladder Capital by 145.7% in the 4th quarter. Squarepoint Ops LLC now owns 63,528 shares of the real estate investment trust's stock valued at $711,000 after buying an additional 37,675 shares during the last quarter. Two Sigma Advisers LP increased its position in Ladder Capital by 25.5% during the fourth quarter. Two Sigma Advisers LP now owns 243,250 shares of the real estate investment trust's stock worth $2,722,000 after acquiring an additional 49,500 shares during the period. Two Sigma Investments LP raised its stake in Ladder Capital by 36.3% during the 4th quarter. Two Sigma Investments LP now owns 298,131 shares of the real estate investment trust's stock valued at $3,336,000 after purchasing an additional 79,399 shares during the last quarter. ProShare Advisors LLC raised its stake in Ladder Capital by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 31,971 shares of the real estate investment trust's stock valued at $358,000 after purchasing an additional 10,518 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in Ladder Capital in the 4th quarter valued at $1,979,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Price Performance

Shares of Ladder Capital stock traded up $0.06 during midday trading on Monday, hitting $10.70. 483,601 shares of the company were exchanged, compared to its average volume of 654,898. The firm has a 50 day simple moving average of $10.40 and a 200-day simple moving average of $11.11. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The firm has a market cap of $1.37 billion, a P/E ratio of 12.44 and a beta of 1.01. Ladder Capital Corp has a 52 week low of $9.68 and a 52 week high of $12.48.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). The company had revenue of $51.20 million for the quarter, compared to the consensus estimate of $65.15 million. Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. During the same period in the previous year, the business posted $0.33 earnings per share. Research analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 8.60%. Ladder Capital's dividend payout ratio is 112.20%.

Analysts Set New Price Targets

LADR has been the topic of several research reports. Keefe, Bruyette & Woods lowered their price target on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Wall Street Zen lowered Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.17.

About Ladder Capital

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.