Ladder Capital (NYSE:LADR) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Ladder Capital Corp (NYSE:LADR) saw unusually-strong trading volume on Monday . Approximately 624,662 shares were traded during mid-day trading, an increase of 20% from the previous session’s volume of 521,263 shares.The stock last traded at $11.07 and had previously closed at $11.21.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $13.29.

Ladder Capital Stock Down 1.1 %

The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. The company’s fifty day moving average price is $11.41 and its 200-day moving average price is $11.60. The stock has a market capitalization of $1.41 billion, a PE ratio of 14.63 and a beta of 1.92.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.30%. Ladder Capital’s dividend payout ratio is currently 121.05%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Quest Partners LLC raised its holdings in Ladder Capital by 13,513.5% in the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 7,027 shares during the last quarter. Quarry LP increased its holdings in shares of Ladder Capital by 1,832.9% in the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 7,698 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Ladder Capital in the fourth quarter worth $112,000. Algert Global LLC bought a new position in shares of Ladder Capital during the second quarter valued at $130,000. Finally, Longboard Asset Management LP purchased a new stake in shares of Ladder Capital during the fourth quarter valued at $160,000. 62.25% of the stock is owned by hedge funds and other institutional investors.

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.