Swiss National Bank Has $1,261,000 Holdings in Ladder Capital Corp (LADR)

Swiss National Bank held its position in shares of Ladder Capital Corp (NASDAQ:LADR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,062 shares of the real estate investment trust’s stock at the end of the second quarter. Swiss National Bank owned 0.09% of Ladder Capital Corp worth $1,261,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Principal Financial Group Inc. bought a new position in Ladder Capital Corp during the second quarter valued at $156,000. Neuberger Berman Group LLC lifted its position in Ladder Capital Corp by 50.0% during the second quarter. Neuberger Berman Group LLC now owns 176,166 shares of the real estate investment trust’s stock valued at $2,363,000 after purchasing an additional 58,714 shares during the last quarter. Geneva Advisors LLC lifted its position in Ladder Capital Corp by 21.6% during the second quarter. Geneva Advisors LLC now owns 133,434 shares of the real estate investment trust’s stock valued at $1,789,000 after purchasing an additional 23,676 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Ladder Capital Corp by 833.1% during the second quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 9,106 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Ladder Capital Corp by 69.9% during the second quarter. Legal & General Group Plc now owns 17,465 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 7,187 shares during the last quarter.

In other news, CEO Brian Harris acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $13.41 per share, with a total value of $134,100.00. Following the completion of the acquisition, the chief executive officer now owns 544,558 shares of the company’s stock, valued at approximately $7,302,522.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $13.55, for a total transaction of $27,100,000.00. The disclosure for this sale can be found here.

LADR has been the subject of several research reports. Zacks Investment Research lowered shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a research report on Monday, September 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 price objective on shares of Ladder Capital Corp in a research report on Friday, September 22nd. Finally, BidaskClub upgraded shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $15.75.

Ladder Capital Corp (NASDAQ LADR) opened at 13.82 on Friday. The company has a market cap of $1.19 billion and a price-to-earnings ratio of 12.08. The firm’s 50-day moving average is $13.62 and its 200 day moving average is $13.90. Ladder Capital Corp has a 52-week low of $12.14 and a 52-week high of $15.53.

Ladder Capital Corp (NASDAQ:LADR) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.11. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. The business had revenue of $52.10 million during the quarter, compared to analyst estimates of $76.60 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. On average, equities research analysts predict that Ladder Capital Corp will post $1.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.68%. The ex-dividend date of this dividend was Friday, September 8th.

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About Ladder Capital Corp

Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).

Institutional Ownership by Quarter for Ladder Capital Corp (NASDAQ:LADR)

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