Swiss National Bank Sells 22,400 Shares of Ladder Capital Corp (NYSE:LADR)

Swiss National Bank cut its holdings in Ladder Capital Corp (NYSE:LADR) by 8.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 238,607 shares of the real estate investment trust’s stock after selling 22,400 shares during the period. Swiss National Bank’s holdings in Ladder Capital were worth $2,754,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio increased its holdings in shares of Ladder Capital by 18.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 8,332 shares of the real estate investment trust’s stock worth $98,000 after buying an additional 1,281 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Ladder Capital by 5.0% in the 1st quarter. Arizona State Retirement System now owns 33,260 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 1,573 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Ladder Capital by 8.9% during the 1st quarter. SG Americas Securities LLC now owns 24,511 shares of the real estate investment trust’s stock worth $289,000 after purchasing an additional 1,993 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Ladder Capital by 10.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 24,180 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 2,219 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Ladder Capital by 19.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 13,953 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 2,237 shares during the period. Hedge funds and other institutional investors own 55.49% of the company’s stock.

Separately, Zacks Investment Research raised shares of Ladder Capital from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a research note on Saturday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Ladder Capital presently has a consensus rating of “Buy” and a consensus target price of $11.90.

Ladder Capital stock opened at $11.30 on Friday. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 94.17 and a beta of 2.24. The company has a debt-to-equity ratio of 2.62, a current ratio of 100.81 and a quick ratio of 100.81. Ladder Capital Corp has a 1 year low of $6.33 and a 1 year high of $12.65. The firm has a 50-day moving average of $11.17 and a two-hundred day moving average of $11.52.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, July 29th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.11. Ladder Capital had a net margin of 4.69% and a return on equity of 0.87%. Research analysts expect that Ladder Capital Corp will post 0.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.80 annualized dividend and a yield of 7.08%. Ladder Capital’s dividend payout ratio (DPR) is 258.06%.

About Ladder Capital

Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate, and Corporate and Other. The Loans segment includes mortgage loan receivables held for investment and mortgage loan receivables held for sale.

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Institutional Ownership by Quarter for Ladder Capital (NYSE:LADR)

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