26,335 Shares in Ladder Capital Corp (NYSE:LADR) Purchased by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd has acquired a new stake in Ladder Capital Corp, purchasing 26,335 shares valued at approximately $300,000.
• Ladder Capital recently reported a quarterly earnings per share (EPS) of $0.23, slightly exceeding analysts' estimates, along with an 8.25% dividend yield.
• Several institutional investors, including Wellington Management and Franklin Resources, have increased their stakes in Ladder Capital significantly during the last quarter.

Y Intercept Hong Kong Ltd acquired a new position in Ladder Capital Corp (NYSE:LADR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,335 shares of the real estate investment trust's stock, valued at approximately $300,000.

Other hedge funds also recently added to or reduced their stakes in the company. KBC Group NV acquired a new position in Ladder Capital during the 1st quarter worth about $31,000. Versant Capital Management Inc acquired a new stake in Ladder Capital in the first quarter valued at $38,000. Sterling Capital Management LLC raised its stake in Ladder Capital by 816.1% in the fourth 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 in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Ladder Capital in the fourth quarter valued at $84,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Ladder Capital in the fourth quarter valued at $129,000. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LADR has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price 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 cut Ladder Capital from a "hold" rating to a "sell" rating in a research report on Saturday.

Ladder Capital Stock Performance

NYSE LADR traded down $0.09 on Wednesday, hitting $11.05. 905,325 shares of the company's stock were exchanged, compared to its average volume of 815,157. The company has a debt-to-equity ratio of 1.86, a current ratio of 31.28 and a quick ratio of 48.71. The firm's 50-day moving average price is $10.78 and its two-hundred day moving average price is $10.95. Ladder Capital Corp has a fifty-two week low of $9.68 and a fifty-two week high of $12.36. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 3.29 and a beta of 1.00.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The firm had revenue of $56.26 million for the quarter, compared to analysts' expectations of $58.57 million. Ladder Capital had a return on equity of 7.07% and a net margin of 20.05%. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, research analysts expect that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.33%. The ex-dividend date of this dividend was Monday, June 30th. Ladder Capital's dividend payout ratio (DPR) is currently 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.