Hsbc Holdings PLC Sells 1,746 Shares of Ladder Capital Corp (NYSE:LADR)

Hsbc Holdings PLC trimmed its stake in shares of Ladder Capital Corp (NYSE:LADR) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,732 shares of the real estate investment trust’s stock after selling 1,746 shares during the quarter. Hsbc Holdings PLC’s holdings in Ladder Capital were worth $691,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LADR. SG Americas Securities LLC purchased a new position in Ladder Capital during the 1st quarter valued at about $148,000. HB Wealth Management LLC grew its stake in Ladder Capital by 7.1% during the first quarter. HB Wealth Management LLC now owns 15,000 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 1,000 shares in the last quarter. TrueMark Investments LLC bought a new stake in Ladder Capital during the 2nd quarter worth approximately $174,000. ProShare Advisors LLC lifted its stake in Ladder Capital by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 1,602 shares in the last quarter. Finally, Choreo LLC bought a new position in Ladder Capital in the 2nd quarter valued at $268,000. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Price Performance

Shares of Ladder Capital stock opened at $11.88 on Monday. The company’s fifty day simple moving average is $11.95 and its two-hundred day simple moving average is $11.38. Ladder Capital Corp has a 12-month low of $9.08 and a 12-month high of $12.48. The firm has a market cap of $1.50 billion, a PE ratio of 15.63 and a beta of 1.94. The company has a quick ratio of 76.87, a current ratio of 76.87 and a debt-to-equity ratio of 2.21.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $71.67 million during the quarter, compared to analyst estimates of $71.22 million. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. As a group, equities analysts expect that Ladder Capital Corp will post 1 EPS for the current year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 7.74%. Ladder Capital’s payout ratio is 121.05%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LADR shares. Keefe, Bruyette & Woods lifted their price objective on Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. B. Riley raised their target price on shares of Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Wolfe Research began coverage on shares of Ladder Capital in a research report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 target price for the company. StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Finally, BTIG Research reiterated a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Ladder Capital presently has an average rating of “Moderate Buy” and an average price target of $13.33.

Insider Buying and Selling

In other news, President Pamela Mccormack sold 100,000 shares of Ladder Capital stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $12.17, for a total transaction of $1,217,000.00. Following the completion of the transaction, the president now directly owns 598,863 shares in the company, valued at $7,288,162.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Ladder Capital news, President Pamela Mccormack sold 100,000 shares of Ladder Capital stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $12.17, for a total value of $1,217,000.00. Following the completion of the transaction, the president now directly owns 598,863 shares of the company’s stock, valued at $7,288,162.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Perelman sold 25,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the sale, the insider now owns 351,453 shares in the company, valued at $4,270,153.95. The disclosure for this sale can be found here. Insiders have sold 175,000 shares of company stock valued at $2,133,250 over the last quarter. Corporate insiders own 12.00% of the company’s stock.

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.