AXS Investments LLC Has $2.63 Million Holdings in Ladder Capital Corp (NYSE:LADR)

AXS Investments LLC cut its position in shares of Ladder Capital Corp (NYSE:LADR) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 228,284 shares of the real estate investment trust’s stock after selling 20,603 shares during the quarter. AXS Investments LLC’s holdings in Ladder Capital were worth $2,628,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of Ladder Capital by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 501,064 shares of the real estate investment trust’s stock valued at $5,141,000 after purchasing an additional 5,211 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Ladder Capital by 78.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,287 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 9,347 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Ladder Capital by 9.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,714 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,129 shares during the last quarter. Private Advisor Group LLC increased its holdings in Ladder Capital by 15.6% during the third quarter. Private Advisor Group LLC now owns 24,101 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 3,257 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Ladder Capital by 5.8% during the third quarter. Victory Capital Management Inc. now owns 1,678,426 shares of the real estate investment trust’s stock worth $17,221,000 after buying an additional 91,370 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Stock Performance

Shares of NYSE LADR traded down $0.21 during midday trading on Thursday, hitting $11.05. The company’s stock had a trading volume of 384,334 shares, compared to its average volume of 595,331. The stock has a fifty day moving average price of $10.93 and a 200 day moving average price of $11.03. Ladder Capital Corp has a one year low of $9.08 and a one year high of $12.00. The company has a current ratio of 88.40, a quick ratio of 88.41 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 14.67 and a beta of 1.91.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.33%. The ex-dividend date of this dividend was Wednesday, March 27th. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. TheStreet downgraded shares of Ladder Capital from a “b-” rating to a “c” rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $12.63.

Ladder Capital Company 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.