Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in Ladder Capital Corp $LADR

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Ladder Capital Corp (NYSE:LADR) by 62.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 233,488 shares of the real estate investment trust’s stock after purchasing an additional 89,588 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.18% of Ladder Capital worth $2,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. purchased a new position in shares of Ladder Capital in the second quarter worth $6,289,000. Jennison Associates LLC grew its holdings in Ladder Capital by 7.7% in the 2nd quarter. Jennison Associates LLC now owns 7,493,528 shares of the real estate investment trust’s stock worth $80,555,000 after acquiring an additional 538,147 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Ladder Capital by 81,503.1% in the second quarter. Russell Investments Group Ltd. now owns 372,110 shares of the real estate investment trust’s stock valued at $4,000,000 after acquiring an additional 371,654 shares during the period. Access Investment Management LLC bought a new position in shares of Ladder Capital during the second quarter valued at about $3,695,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of Ladder Capital by 38.9% during the second quarter. Qube Research & Technologies Ltd now owns 1,164,930 shares of the real estate investment trust’s stock valued at $12,523,000 after acquiring an additional 326,210 shares during the last quarter. Institutional investors own 62.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LADR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Ladder Capital in a research note on Monday, December 29th. Capital One Financial set a $13.00 price objective on Ladder Capital in a report on Wednesday, January 21st. Citigroup reissued a “market outperform” rating on shares of Ladder Capital in a research note on Wednesday, January 21st. Susquehanna set a $13.00 target price on Ladder Capital in a report on Wednesday, January 21st. Finally, B. Riley began coverage on shares of Ladder Capital in a report on Monday, January 5th. They issued a “buy” rating and a $13.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ladder Capital currently has an average rating of “Moderate Buy” and an average price target of $12.80.

Ladder Capital Trading Up 0.7%

LADR opened at $11.16 on Friday. The company has a quick ratio of 35.60, a current ratio of 35.60 and a debt-to-equity ratio of 2.01. Ladder Capital Corp has a 52 week low of $9.68 and a 52 week high of $11.92. The stock has a market cap of $1.42 billion, a PE ratio of 17.71, a PEG ratio of 7.08 and a beta of 1.01. The business has a 50 day moving average of $11.10 and a 200-day moving average of $11.06.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.2%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 146.03%.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage?backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.