XTX Topco Ltd Invests $821,000 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 position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm 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 also recently added to or reduced their stakes in LADR. KBC Group NV purchased a new position in Ladder Capital in the 1st quarter valued at about $31,000. Versant Capital Management Inc acquired a new position in shares of Ladder Capital in the first quarter worth about $38,000. Sterling Capital Management LLC boosted its stake in shares of 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 valued at $41,000 after buying an additional 3,240 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Ladder Capital during the 4th quarter valued at approximately $84,000. Finally, Landscape Capital Management L.L.C. bought a new position in Ladder Capital during the 4th quarter worth approximately $129,000. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Stock Up 0.5%

Shares of Ladder Capital stock traded up $0.06 during midday trading on Thursday, hitting $11.05. The company's stock had a trading volume of 255,418 shares, compared to its average volume of 676,585. The firm has a market capitalization of $1.41 billion, a P/E ratio of 15.81, a PEG ratio of 9.37 and a beta of 1.03. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $12.36. 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 stock has a 50-day simple moving average of $10.86 and a 200-day simple moving average of $10.95.

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

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Monday, June 30th. Ladder Capital's dividend payout ratio is currently 131.43%.

Insider Buying and Selling at Ladder Capital

In other Ladder Capital news, Director Mark David Alexander sold 26,795 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $10.86, for a total transaction of $290,993.70. Following the transaction, the director owned 29,229 shares of the company's stock, valued at approximately $317,426.94. This represents a 47.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 91,382 shares of company stock valued at $1,003,501. Corporate insiders own 12.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LADR. Keefe, Bruyette & Woods increased their price target on Ladder Capital from $11.75 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Wall Street Zen lowered Ladder Capital from a "hold" rating to a "sell" rating in a report on Saturday, July 26th.

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.