JPMorgan Chase & Co. Sells 52,910 Shares of Ladder Capital Corp (NYSE:LADR)

JPMorgan Chase & Co. reduced its stake in Ladder Capital Corp (NYSE:LADR) by 2.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,314,429 shares of the real estate investment trust’s stock after selling 52,910 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ladder Capital were worth $26,847,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LADR. Quest Partners LLC boosted its holdings in Ladder Capital by 13,513.5% during the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 7,027 shares during the last quarter. Quarry LP lifted its position in Ladder Capital by 1,832.9% during the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 7,698 shares during the last quarter. MQS Management LLC bought a new stake in Ladder Capital in the 2nd quarter valued at $128,000. Algert Global LLC acquired a new position in shares of Ladder Capital in the second quarter valued at about $130,000. Finally, Mount Yale Investment Advisors LLC increased its holdings in shares of Ladder Capital by 24.2% during the third quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 3,360 shares during the period. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Stock Performance

LADR opened at $11.10 on Wednesday. The firm has a market cap of $1.42 billion, a P/E ratio of 14.61 and a beta of 1.92. The business’s fifty day moving average is $11.59 and its 200-day moving average is $11.64. Ladder Capital Corp has a 52-week low of $10.10 and a 52-week high of $12.48. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. The business had revenue of $128.64 million during the quarter, compared to the consensus estimate of $60.85 million. During the same period in the previous year, the business earned $0.28 earnings per share. Sell-side analysts expect that Ladder Capital Corp will post 1.06 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.29%. Ladder Capital’s dividend payout ratio is currently 121.05%.

About Ladder Capital

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.