Cipher Capital LP raised its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 13.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 267,658 shares of the real estate investment trust’s stock after acquiring an additional 31,819 shares during the period. Cipher Capital LP owned approximately 0.31% of Ladder Capital Corp worth $3,688,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of LADR. BlackRock Inc. increased its position in shares of Ladder Capital Corp by 44.3% in the 2nd quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock valued at $95,416,000 after buying an additional 2,183,991 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ladder Capital Corp by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock valued at $76,459,000 after buying an additional 712,583 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Ladder Capital Corp by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,362,191 shares of the real estate investment trust’s stock valued at $18,268,000 after buying an additional 3,763 shares in the last quarter. State Street Corp increased its position in shares of Ladder Capital Corp by 50.6% in the 2nd quarter. State Street Corp now owns 1,209,568 shares of the real estate investment trust’s stock valued at $16,219,000 after buying an additional 406,141 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Ladder Capital Corp by 46.2% in the 2nd quarter. Northern Trust Corp now owns 818,565 shares of the real estate investment trust’s stock valued at $10,978,000 after buying an additional 258,754 shares in the last quarter. Institutional investors own 46.58% of the company’s stock.
Shares of Ladder Capital Corp (LADR) traded up $0.04 during midday trading on Friday, reaching $13.71. 616,163 shares of the company were exchanged, compared to its average volume of 559,249. The firm has a market cap of $1,518.34, a price-to-earnings ratio of 10.01, a PEG ratio of 2.09 and a beta of 1.04. The company has a debt-to-equity ratio of 2.86, a quick ratio of 77.86 and a current ratio of 77.86. Ladder Capital Corp has a 12-month low of $12.82 and a 12-month high of $15.53.
Ladder Capital Corp (NYSE:LADR) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $69.30 million during the quarter, compared to analyst estimates of $59.05 million. Ladder Capital Corp had a net margin of 27.38% and a return on equity of 9.78%. During the same period in the prior year, the business earned $0.40 EPS. analysts expect that Ladder Capital Corp will post 1.31 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 11th will be paid a $0.315 dividend. The ex-dividend date is Friday, December 8th. This is a positive change from Ladder Capital Corp’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a yield of 9.19%. Ladder Capital Corp’s dividend payout ratio is presently 98.36%.
LADR has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a research report on Monday, September 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $16.00 target price on shares of Ladder Capital Corp in a research note on Friday, September 22nd. BidaskClub lowered shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Finally, B. Riley reaffirmed a “buy” rating on shares of Ladder Capital Corp in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.17.
In other Ladder Capital Corp news, CEO Brian Harris acquired 10,000 shares of Ladder Capital Corp stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $13.41 per share, for a total transaction of $134,100.00. Following the purchase, the chief executive officer now directly owns 544,558 shares in the company, valued at approximately $7,302,522.78. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $13.55, for a total transaction of $27,100,000.00. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by corporate insiders.
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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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