Ladder Capital Corp (NYSE:LADR) Sees Large Decrease in Short Interest

by · The Cerbat Gem

Ladder Capital Corp (NYSE:LADRGet Free Report) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 2,033,545 shares, a drop of 17.4% from the March 31st total of 2,462,702 shares. Based on an average daily volume of 1,381,763 shares, the short-interest ratio is presently 1.5 days. Approximately 1.8% of the company’s shares are sold short.

Ladder Capital Stock Up 0.4%

NYSE:LADR traded up $0.05 during trading hours on Friday, reaching $10.33. 408,223 shares of the company traded hands, compared to its average volume of 1,052,640. The business’s 50-day moving average price is $10.14 and its two-hundred day moving average price is $10.62. The stock has a market capitalization of $1.31 billion, a P/E ratio of 23.47, a P/E/G ratio of 0.93 and a beta of 1.00. Ladder Capital has a 1 year low of $9.61 and a 1 year high of $11.92. The company has a current ratio of 58.90, a quick ratio of 29.65 and a debt-to-equity ratio of 2.79.

Ladder Capital (NYSE:LADRGet Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $51.88 million during the quarter, compared to analysts’ expectations of $57.03 million. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.During the same quarter in the previous year, the business earned $0.20 earnings per share. Analysts predict that Ladder Capital will post 0.78 earnings per share for the current year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.92 annualized dividend and a yield of 8.9%. Ladder Capital’s payout ratio is 209.09%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LADR shares. Keefe, Bruyette & Woods lowered their target price on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. BTIG Research restated a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a research note on Monday, February 2nd. B. Riley Financial started coverage on Ladder Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $13.00 target price for the company. Citigroup restated a “market outperform” rating on shares of Ladder Capital in a research note on Wednesday, January 21st. Finally, HSBC set a $13.00 price target on shares of Ladder Capital in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ladder Capital presently has an average rating of “Moderate Buy” and a consensus target price of $12.75.

Get Our Latest Analysis on Ladder Capital

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Ladder Capital by 17.0% in the fourth quarter. Victory Capital Management Inc. now owns 3,275,047 shares of the real estate investment trust’s stock worth $35,993,000 after purchasing an additional 474,982 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Ladder Capital by 30.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,930,524 shares of the real estate investment trust’s stock worth $32,206,000 after buying an additional 682,511 shares during the last quarter. Wellington Management Group LLP raised its position in Ladder Capital by 2.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,666,340 shares of the real estate investment trust’s stock worth $29,090,000 after buying an additional 61,292 shares during the last quarter. Nuveen LLC raised its position in Ladder Capital by 11.4% in the 4th quarter. Nuveen LLC now owns 2,208,830 shares of the real estate investment trust’s stock worth $24,275,000 after buying an additional 225,931 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Ladder Capital by 50.6% during the fourth quarter. Russell Investments Group Ltd. now owns 1,391,133 shares of the real estate investment trust’s stock valued at $15,289,000 after purchasing an additional 467,545 shares during the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

About Ladder Capital

(Get Free Report)

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.

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