UBS Asset Management Americas Inc. grew its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 41.7% in the second quarter, Holdings Channel reports. The institutional investor owned 101,228 shares of the real estate investment trust’s stock after acquiring an additional 29,794 shares during the period. UBS Asset Management Americas Inc.’s holdings in Ladder Capital were worth $1,681,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Unison Advisors LLC boosted its holdings in Ladder Capital by 3.2% during the second quarter. Unison Advisors LLC now owns 21,160 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 663 shares during the last quarter. Allstate Corp boosted its holdings in Ladder Capital by 3.4% during the first quarter. Allstate Corp now owns 28,731 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 949 shares during the last quarter. US Bancorp DE boosted its holdings in Ladder Capital by 25.4% during the second quarter. US Bancorp DE now owns 6,743 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 1,365 shares during the last quarter. Assetmark Inc. boosted its holdings in Ladder Capital by 18.1% during the second quarter. Assetmark Inc. now owns 9,123 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 1,401 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new position in Ladder Capital during the second quarter worth about $31,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.
Several research analysts recently weighed in on LADR shares. Zacks Investment Research upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. cut their price target on shares of Ladder Capital from $18.00 to $17.50 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.50.
Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. The business had revenue of $85.32 million for the quarter, compared to analyst estimates of $83.00 million. Ladder Capital had a net margin of 26.91% and a return on equity of 12.05%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Analysts forecast that Ladder Capital Corp will post 1.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 7.93%. The ex-dividend date was Monday, September 9th. Ladder Capital’s dividend payout ratio is 69.74%.
Ladder Capital Company Profile
Ladder Capital Corp operates as a real estate investment trust in the United States. The company 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.
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