Rhumbline Advisers Acquires 30,161 Shares of Ladder Capital Corp (LADR)

Rhumbline Advisers raised its holdings in shares of Ladder Capital Corp (NASDAQ:LADR) by 58.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,908 shares of the real estate investment trust’s stock after buying an additional 30,161 shares during the period. Rhumbline Advisers owned about 0.10% of Ladder Capital Corp worth $1,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its position in Ladder Capital Corp by 50.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 329,902 shares of the real estate investment trust’s stock valued at $4,424,000 after buying an additional 111,040 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Ladder Capital Corp during the second quarter worth $6,129,000. Global X Management Co. LLC lifted its position in shares of Ladder Capital Corp by 4.8% during the second quarter. Global X Management Co. LLC now owns 653,546 shares of the real estate investment trust’s stock worth $8,764,000 after purchasing an additional 29,722 shares in the last quarter. Barnett & Company Inc. lifted its position in shares of Ladder Capital Corp by 848.9% during the second quarter. Barnett & Company Inc. now owns 148,053 shares of the real estate investment trust’s stock worth $1,985,000 after purchasing an additional 132,450 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Ladder Capital Corp by 1,039.1% during the second quarter. Bessemer Group Inc. now owns 36,724 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 33,500 shares in the last quarter.

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In related news, CEO Brian Harris bought 10,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $13.41 per share, with a total value of $134,100.00. Following the completion of the transaction, the chief executive officer now directly owns 544,558 shares of the company’s stock, valued at $7,302,522.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ladder Capital Corp (LADR) opened at 13.61 on Friday. The stock’s 50 day moving average is $13.52 and its 200-day moving average is $13.96. The firm has a market capitalization of $1.17 billion and a PE ratio of 11.90. Ladder Capital Corp has a 52-week low of $12.14 and a 52-week high of $15.53.

Ladder Capital Corp (NASDAQ:LADR) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. The firm had revenue of $52.10 million during the quarter, compared to analysts’ expectations of $76.60 million. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The company’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. Equities analysts expect that Ladder Capital Corp will post $1.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a yield of 8.82%.

LADR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $16.00 target price on shares of Ladder Capital Corp in a research report on Friday, August 18th. Zacks Investment Research raised shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, BidaskClub raised shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $15.67.

Ladder Capital Corp Profile

Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).

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Institutional Ownership by Quarter for Ladder Capital Corp (NASDAQ:LADR)

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