UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in Ladder Capital Corp (NYSE:LADR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Ladder Capital Corp (NYSE:LADR) by 21.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 264,655 shares of the real estate investment trust’s stock after acquiring an additional 47,085 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Ladder Capital worth $3,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LADR. Quest Partners LLC increased its holdings in Ladder Capital by 13,513.5% in the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 7,027 shares in the last quarter. MQS Management LLC acquired a new position in Ladder Capital in the 2nd quarter worth about $128,000. Algert Global LLC purchased a new position in Ladder Capital during the second quarter worth approximately $130,000. TrueMark Investments LLC purchased a new position in Ladder Capital during the second quarter worth approximately $174,000. Finally, Mount Yale Investment Advisors LLC grew its holdings in Ladder Capital by 24.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 3,360 shares during the period. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market outperform” rating and set a $13.50 target price on shares of Ladder Capital in a research note on Friday, August 30th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.33.

Ladder Capital Stock Performance

Shares of Ladder Capital stock opened at $11.84 on Friday. The firm has a market cap of $1.51 billion, a PE ratio of 15.58 and a beta of 1.93. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. Ladder Capital Corp has a 52 week low of $10.10 and a 52 week high of $12.48. The business’s fifty day simple moving average is $11.53 and its 200-day simple moving average is $11.60.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $128.64 million for the quarter, compared to analysts’ expectations of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same quarter in the prior year, the company earned $0.28 earnings per share. Equities analysts forecast that Ladder Capital Corp will post 1.06 earnings per share for the current year.

Ladder Capital Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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.