Y Intercept Hong Kong Ltd Sells 276,405 Shares of Ladder Capital Corp $LADR

Y Intercept Hong Kong Ltd lessened its position in Ladder Capital Corp (NYSE:LADR) by 74.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,218 shares of the real estate investment trust’s stock after selling 276,405 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ladder Capital were worth $950,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in Ladder Capital by 111.7% during the 1st quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust’s stock worth $253,000 after acquiring an additional 11,709 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Ladder Capital in the first quarter worth $209,000. Jane Street Group LLC lifted its position in shares of Ladder Capital by 997.0% in the first quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock worth $2,056,000 after purchasing an additional 163,800 shares in the last quarter. Norges Bank bought a new stake in shares of Ladder Capital in the second quarter worth $1,133,000. Finally, Marshall Wace LLP acquired a new position in Ladder Capital during the second quarter worth $183,000. Institutional investors own 62.25% of the company’s stock.

Analysts Set New Price Targets

LADR has been the topic of several analyst reports. Wall Street Zen raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Keefe, Bruyette & Woods lowered their target price on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.75.

Ladder Capital Price Performance

NYSE:LADR opened at $9.86 on Monday. Ladder Capital Corp has a 12-month low of $9.61 and a 12-month high of $11.92. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 0.91 and a beta of 0.95. The stock’s 50 day moving average price is $10.10 and its two-hundred day moving average price is $10.36. The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $51.88 million during the quarter, compared to the consensus estimate of $57.03 million. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.During the same period in the previous year, the company posted $0.20 EPS. On average, analysts anticipate that Ladder Capital Corp will post 0.75 earnings per share for the current year.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Tuesday, June 30th. Ladder Capital’s dividend payout ratio (DPR) is 209.09%.

Insider Buying and Selling

In related news, insider Robert Perelman sold 17,505 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total value of $179,426.25. Following the completion of the transaction, the insider owned 428,684 shares of the company’s stock, valued at $4,394,011. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.00% of the stock is currently owned by company insiders.

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.