XTX Topco Ltd Makes New Investment in Ladder Capital Corp (NYSE:LADR)

Key Points

• XTX Topco Ltd acquired a new stake of 71,960 shares in Ladder Capital Corp during the 1st quarter, valued at approximately $821,000, representing a 0.06% ownership at that time.
• Director Mark David Alexander sold 34,587 shares for about $384,607, reducing his stake by 28.68%, with insiders having sold 91,382 shares worth over $1 million in the past 90 days.
• Ladder Capital reported a $0.23 EPS for the last quarter, beating expectations, while also recently announcing a quarterly dividend of $0.23 per share, yielding 8.5%.

XTX Topco Ltd acquired a new stake in Ladder Capital Corp (NYSE:LADR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 71,960 shares of the real estate investment trust's stock, valued at approximately $821,000. XTX Topco Ltd owned 0.06% of Ladder Capital at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LADR. KBC Group NV acquired a new position in Ladder Capital in the first quarter valued at about $31,000. Versant Capital Management Inc acquired a new position in shares of Ladder Capital in the 1st quarter worth approximately $38,000. Sterling Capital Management LLC grew its position 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 acquiring an additional 3,240 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Ladder Capital during the 4th quarter valued at $84,000. Finally, Landscape Capital Management L.L.C. bought a new position in Ladder Capital in the 4th quarter valued at $129,000. 62.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ladder Capital

In other news, Director Mark David Alexander sold 34,587 shares of Ladder Capital stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $11.12, for a total transaction of $384,607.44. Following the completion of the sale, the director owned 86,024 shares in the company, valued at $956,586.88. The trade was a 28.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 91,382 shares of company stock worth $1,003,501. Corporate insiders own 12.00% of the company's stock.

Analyst Upgrades and Downgrades

LADR has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their target price on 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 lowered shares of Ladder Capital from a "hold" rating to a "sell" rating in a report on Saturday, July 26th.

Ladder Capital Stock Performance

LADR stock opened at $10.87 on Monday. The company has a 50 day moving average price of $10.82 and a 200 day moving average price of $10.95. Ladder Capital Corp has a fifty-two week low of $9.68 and a fifty-two week high of $12.36. The company has a debt-to-equity ratio of 1.86, a current ratio of 31.28 and a quick ratio of 31.28. The stock has a market capitalization of $1.39 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 3.21 and a beta of 1.03.

Ladder Capital (NYSE:LADR - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Ladder Capital had a return on equity of 7.07% and a net margin of 20.05%. The company had revenue of $56.26 million during the quarter, compared to analysts' expectations of $58.57 million. During the same period last year, the firm earned $0.31 EPS. Analysts forecast 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 was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.23 per share. The ex-dividend date was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 8.5%. Ladder Capital's dividend payout ratio 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.

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