Ladder Capital Corp $LADR Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in Ladder Capital Corp by 5.7% during Q1, now holding 420,010 shares valued at approximately $4.79 million.
• Several institutional investors, including Vanguard Group and Jennison Associates, have either boosted their stakes or initiated positions in Ladder Capital, indicating ongoing interest in the firm.
• Ladder Capital announced a quarterly dividend of $0.23 per share, yielding 8.1%, with a payout ratio of 131.43% as of September 30th.

Voya Investment Management LLC cut its position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 420,010 shares of the real estate investment trust's stock after selling 25,236 shares during the quarter. Voya Investment Management LLC owned about 0.33% of Ladder Capital worth $4,792,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of Ladder Capital by 18.7% during the fourth quarter. Bank of America Corp DE now owns 367,430 shares of the real estate investment trust's stock valued at $4,112,000 after purchasing an additional 57,766 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Ladder Capital by 25.4% during the fourth quarter. Deutsche Bank AG now owns 178,748 shares of the real estate investment trust's stock valued at $2,000,000 after buying an additional 36,236 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Ladder Capital by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 31,971 shares of the real estate investment trust's stock valued at $358,000 after acquiring an additional 10,518 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Ladder Capital by 36.3% in the 4th quarter. Two Sigma Investments LP now owns 298,131 shares of the real estate investment trust's stock worth $3,336,000 after purchasing an additional 79,399 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of Ladder Capital by 25.5% during the 4th quarter. Two Sigma Advisers LP now owns 243,250 shares of the real estate investment trust's stock valued at $2,722,000 after buying an additional 49,500 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company's stock.

Wall Street Analysts Forecast Growth

LADR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price target on Ladder Capital from $11.75 to $12.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Wall Street Zen upgraded 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 given a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Strong Buy" and a consensus price target of $12.00.

Insider Activity

In related news, Director Mark David Alexander sold 26,795 shares of the stock in a transaction that occurred 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 approximately $317,426.94. This trade represents a 47.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 91,382 shares of company stock valued at $1,003,501 in the last ninety days. 12.00% of the stock is owned by corporate insiders.

Ladder Capital Stock Performance

Shares of LADR traded down $0.07 during trading hours on Monday, reaching $11.28. 723,423 shares of the company traded hands, compared to its average volume of 594,904. The stock has a market capitalization of $1.44 billion, a P/E ratio of 16.11, a P/E/G ratio of 9.67 and a beta of 1.09. Ladder Capital Corp has a 12-month low of $9.68 and a 12-month high of $12.11. The business has a fifty day moving average price of $11.30 and a 200-day moving average price of $10.93. The company has a quick ratio of 31.28, a current ratio of 31.28 and a debt-to-equity ratio of 1.86.

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

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Tuesday, September 30th. Ladder Capital's dividend payout ratio (DPR) is 131.43%.

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.