15,859 Shares in Ladder Capital Corp (LADR) Purchased by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd acquired a new stake in shares of Ladder Capital Corp (NYSE:LADR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,859 shares of the real estate investment trust’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in Ladder Capital by 61.4% in the third quarter. SG Americas Securities LLC now owns 12,077 shares of the real estate investment trust’s stock valued at $166,000 after acquiring an additional 4,593 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Ladder Capital by 8.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 66,747 shares of the real estate investment trust’s stock valued at $910,000 after acquiring an additional 5,471 shares during the last quarter. Barnett & Company Inc. lifted its stake in Ladder Capital by 3.8% in the third quarter. Barnett & Company Inc. now owns 153,650 shares of the real estate investment trust’s stock valued at $2,117,000 after acquiring an additional 5,597 shares during the last quarter. American International Group Inc. lifted its stake in Ladder Capital by 12.3% in the fourth quarter. American International Group Inc. now owns 53,162 shares of the real estate investment trust’s stock valued at $725,000 after acquiring an additional 5,825 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Ladder Capital by 3.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 339,942 shares of the real estate investment trust’s stock valued at $4,685,000 after acquiring an additional 10,040 shares during the last quarter. 49.60% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of LADR stock opened at $15.05 on Wednesday. The company has a debt-to-equity ratio of 2.94, a current ratio of 62.36 and a quick ratio of 62.36. The stock has a market cap of $1,668.15, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. Ladder Capital Corp has a one year low of $12.82 and a one year high of $15.39.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 12th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend is Friday, March 9th. Ladder Capital’s payout ratio is 127.27%.

A number of research firms have issued reports on LADR. Bank of America lifted their target price on shares of Ladder Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research upgraded shares of Ladder Capital from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday, March 13th. ValuEngine cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.50 target price on shares of Ladder Capital in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $17.00.

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Ladder Capital Profile

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 (NYSE:LADR)

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