Ladder Capital Corp (NYSE:LADR) Short Interest Update

Ladder Capital Corp (NYSE:LADR) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 1,685,096 shares, a decline of 16.0% from the December 31st total of 2,006,187 shares. Based on an average daily volume of 778,714 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.5% of the shares of the company are short sold. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 778,714 shares, the days-to-cover ratio is presently 2.2 days.

Ladder Capital Price Performance

NYSE LADR traded down $0.05 during trading hours on Tuesday, reaching $10.87. The company’s stock had a trading volume of 658,718 shares, compared to its average volume of 633,515. The company has a debt-to-equity ratio of 2.01, a quick ratio of 35.60 and a current ratio of 35.60. The stock has a market cap of $1.38 billion, a PE ratio of 17.25, a PEG ratio of 6.97 and a beta of 1.01. The company’s 50-day moving average is $11.11 and its two-hundred day moving average is $11.06. Ladder Capital has a fifty-two week low of $9.68 and a fifty-two week high of $11.92.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s payout ratio is currently 146.03%.

Hedge Funds Weigh In On Ladder Capital

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of Ladder Capital by 111.7% during the first quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 11,709 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Ladder Capital during the 1st quarter worth about $209,000. Jane Street Group LLC boosted its stake in shares of Ladder Capital by 997.0% during the 1st quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock worth $2,056,000 after purchasing an additional 163,800 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Ladder Capital by 3.3% during the second quarter. QRG Capital Management Inc. now owns 193,017 shares of the real estate investment trust’s stock worth $2,075,000 after buying an additional 6,193 shares in the last quarter. Finally, CWM LLC raised its position in shares of Ladder Capital by 192.4% in the second quarter. CWM LLC now owns 3,798 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,499 shares during the last quarter. 62.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LADR has been the subject of several recent analyst reports. B. Riley started coverage on Ladder Capital in a report on Monday, January 5th. They issued a “buy” rating and a $13.00 price target for the company. HSBC set a $13.00 target price on Ladder Capital in a report on Wednesday, January 21st. Wall Street Zen lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. BTIG Research reiterated a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ladder Capital in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.92.

Ladder Capital Company Profile

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.