Voya Investment Management LLC Decreases Stock Holdings in Ladder Capital Corp $LADR

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 reduced its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 420,010 shares of the real estate investment trust's stock after selling 25,236 shares during the period. Voya Investment Management LLC owned approximately 0.33% of Ladder Capital worth $4,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LADR. KBC Group NV purchased a new position in shares of Ladder Capital during the first quarter valued at approximately $31,000. Versant Capital Management Inc purchased a new position in Ladder Capital during the 1st quarter valued at $38,000. Coppell Advisory Solutions LLC grew its position in Ladder Capital by 138.6% in the 1st quarter. Coppell Advisory Solutions LLC now owns 8,933 shares of the real estate investment trust's stock valued at $102,000 after acquiring an additional 5,189 shares during the last quarter. Samalin Investment Counsel LLC bought a new position in Ladder Capital in the 1st quarter valued at $123,000. Finally, Magnetar Financial LLC purchased a new stake in Ladder Capital in the first quarter worth $172,000. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LADR has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Ladder Capital from $11.75 to $12.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of Ladder Capital from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, Ladder Capital has an average rating of "Strong Buy" and a consensus target price of $12.00.

Ladder Capital Stock Down 0.4%

Shares of NYSE LADR traded down $0.04 during trading hours on Friday, hitting $11.33. 1,119,682 shares of the stock were exchanged, compared to its average volume of 575,476. 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 company has a market cap of $1.44 billion, a PE ratio of 16.19, a PEG ratio of 9.69 and a beta of 1.09. The firm has a fifty day moving average price of $11.30 and a 200-day moving average price of $10.94. Ladder Capital Corp has a 12 month low of $9.68 and a 12 month high of $12.12.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly 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 business had revenue of $56.26 million for the quarter, compared to analyst estimates of $58.57 million. During the same quarter in the prior year, the business posted $0.31 EPS. On average, sell-side analysts expect that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Ladder Capital's dividend payout ratio (DPR) is 131.43%.

Insider Transactions at Ladder Capital

In other news, Director Mark David Alexander sold 34,587 shares of the company's stock in a transaction dated 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 $956,586.88. This represents a 28.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 91,382 shares of company stock worth $1,003,501 in the last three months. 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.