stock
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NYSE:LADR
11.55
+0.06 (+0.52%)
As of 2022-08-12 Close (EST)
52 Week Rng -
Market Cap -
Avg Volume -
1M Volatility -
Short Ratio -
P/E Ratio (TTM) -
P/E Ratio (Fwd) -
P/B Ratio -
Div & Yield -
BUY
5,000
Filled
ACTION
TICKER
SHARES
STATUS
[SELL]
53
Filled
ACTION
TICKER
SHARES
STATUS
[SELL]
1,250
Filled
ACTION
TICKER
SHARES
STATUS
BUY
16,666,663
×
ACTION
TICKER
SHARES
STATUS
[BUY]
150
Filled
ACTION
TICKER
SHARES
STATUS
[BUY]
6,800
Filled
ACTION
TICKER
SHARES
STATUS
[BUY]
110,000,000
Filled
ACTION
TICKER
SHARES
STATUS
[BUY]
800,000
Filled
ACTION
TICKER
SHARES
STATUS
BUY
2,702
Filled
ACTION
TICKER
SHARES
STATUS

MA_Invest OLD|Aalto Investment Management Game (Spring 2020) Jan 2020

it’s a commercial mortgage lender structured as a real estate investment trust, long position.

The more loans it writes, the more money it makes. Its weighted average loan-to-value (LTV) ratio is a conservative 67%, which means they have a sizable 33% equity cushion again real estate price declines.

Contrast this with your average homebuyer who has, at most, a 20% equity cushion via his or her down payment. And in most cases, as we saw during the housing crisis, it’s much less! This is A-1 credit quality.

Ladder’s dividend is well covered by profits, too. The firm’s primary asset is the expertise of its senior management team, which averages over 28 years of industry experience. Their interests are well aligned with shareholders, thanks to their significant skin in the game. Insiders own $199 million of equity — about 12% of the firm’s $1.5 billion market cap.

BUY
200
Filled
ACTION
TICKER
SHARES
STATUS
[SELL]
3
Filled
ACTION
TICKER
SHARES
STATUS
BUY
200
Filled
ACTION
TICKER
SHARES
STATUS
BUY
500
Filled
ACTION
TICKER
SHARES
STATUS
[SELL]
5,000
Filled
ACTION
TICKER
SHARES
STATUS
[BUY]
15
Filled
ACTION
TICKER
SHARES
STATUS
[BUY]
100
Filled
ACTION
TICKER
SHARES
STATUS
BUY
100
Filled
ACTION
TICKER
SHARES
STATUS
SELL
100
Filled
ACTION
TICKER
SHARES
STATUS
[SELL]
5
Filled
ACTION
TICKER
SHARES
STATUS

mlasdon21 GAFC 2k19 Feb 2019

Closing position

BUY
2,000
Filled
ACTION
TICKER
SHARES
STATUS
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