Ladder Capital Corp (NYSE:LADR) Sees Significant Decline in Short Interest

Ladder Capital Corp (NYSE:LADR) was the target of a significant 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 trading volume of 778,714 shares, the short-interest ratio is presently 2.2 days. Currently, 1.5% of the company’s stock are short sold. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 778,714 shares, the short-interest ratio is presently 2.2 days.

Ladder Capital Stock Up 1.5%

Shares of NYSE:LADR traded up $0.17 during trading on Wednesday, hitting $11.04. 902,073 shares of the company were exchanged, compared to its average volume of 687,347. The firm’s 50 day moving average price is $11.11 and its 200-day moving average price is $11.06. Ladder Capital has a 12-month low of $9.68 and a 12-month high of $11.92. The company has a debt-to-equity ratio of 2.01, a current ratio of 35.60 and a quick ratio of 35.60. The stock has a market capitalization of $1.40 billion, a P/E ratio of 17.52, a PEG ratio of 6.97 and a beta of 1.01.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.3%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s dividend payout ratio is currently 146.03%.

Institutional Trading of Ladder Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Ladder Capital by 63.8% in the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 931 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in Ladder Capital by 500.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,500 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Ladder Capital in the third quarter valued at approximately $34,000. Vision Financial Markets LLC purchased a new stake in Ladder Capital in the third quarter valued at approximately $35,000. Finally, CWM LLC boosted its holdings 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 acquiring an additional 2,499 shares during the period. Institutional investors and hedge funds own 62.25% of the company’s stock.

Wall Street Analyst Weigh In

LADR has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ladder Capital in a report on Monday, December 29th. Citigroup reaffirmed a “market outperform” rating on shares of Ladder Capital in a research report on Wednesday, January 21st. Wall Street Zen downgraded Ladder Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Susquehanna set a $13.00 target price on shares of Ladder Capital in a research note on Wednesday, January 21st. Finally, Capital One Financial set a $13.00 target price on shares of Ladder Capital in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.