JPMorgan Chase & Co. Reduces Stake in Ladder Capital Corp (NYSE:LADR)

JPMorgan Chase & Co. reduced its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,186,928 shares of the real estate investment trust’s stock after selling 127,501 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ladder Capital were worth $24,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of LADR. Morey & Quinn Wealth Partners LLC acquired a new position in shares of Ladder Capital in the fourth quarter valued at approximately $226,000. LPL Financial LLC raised its position in shares of Ladder Capital by 2.4% in the 4th quarter. LPL Financial LLC now owns 193,994 shares of the real estate investment trust’s stock worth $2,171,000 after buying an additional 4,498 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Ladder Capital in the 4th quarter valued at about $249,000. Sei Investments Co. lifted its position in Ladder Capital by 10.2% during the fourth quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust’s stock valued at $425,000 after buying an additional 3,510 shares in the last quarter. Finally, Palogic Value Management L.P. lifted its holdings in shares of Ladder Capital by 9.1% during the 4th quarter. Palogic Value Management L.P. now owns 124,235 shares of the real estate investment trust’s stock valued at $1,390,000 after acquiring an additional 10,367 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Price Performance

LADR opened at $10.53 on Thursday. Ladder Capital Corp has a 12-month low of $9.68 and a 12-month high of $12.48. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $1.34 billion, a P/E ratio of 12.24 and a beta of 1.44. The stock has a fifty day moving average of $11.42 and a 200-day moving average of $11.42.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. Equities analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 8.74%. Ladder Capital’s dividend payout ratio (DPR) is presently 106.98%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LADR shares. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. StockNews.com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.17.

About Ladder Capital

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.