37,784 Shares in Ladder Capital Corp (NYSE:LADR) Purchased by Axecap Investments LLC

Axecap Investments LLC acquired a new position in Ladder Capital Corp (NYSE:LADR) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 37,784 shares of the real estate investment trust’s stock, valued at approximately $438,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP increased its stake in shares of Ladder Capital by 16.7% during the 4th quarter. Wellington Management Group LLP now owns 2,051,999 shares of the real estate investment trust’s stock valued at $23,619,000 after acquiring an additional 293,615 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Ladder Capital by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,206,155 shares of the real estate investment trust’s stock valued at $128,983,000 after acquiring an additional 81,521 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Ladder Capital by 137.0% during the 1st quarter. Principal Financial Group Inc. now owns 2,040,278 shares of the real estate investment trust’s stock valued at $22,708,000 after acquiring an additional 1,179,494 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of Ladder Capital by 7.1% during the 1st 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 during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Ladder Capital by 0.4% during the 1st quarter. Van ECK Associates Corp now owns 824,595 shares of the real estate investment trust’s stock valued at $9,178,000 after acquiring an additional 3,562 shares during the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ladder Capital

In related news, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.15, for a total transaction of $303,750.00. Following the sale, the insider now directly owns 351,453 shares of the company’s stock, valued at approximately $4,270,153.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $12.15, for a total value of $303,750.00. Following the sale, the insider now directly owns 351,453 shares of the company’s stock, valued at $4,270,153.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Pamela Mccormack sold 50,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $12.25, for a total value of $612,500.00. Following the completion of the sale, the president now directly owns 548,863 shares in the company, valued at $6,723,571.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 175,000 shares of company stock valued at $2,133,250. Corporate insiders own 12.00% of the company’s stock.

Ladder Capital Stock Performance

Ladder Capital stock opened at $10.97 on Thursday. The stock has a market cap of $1.39 billion, a P/E ratio of 14.43 and a beta of 1.94. The company has a current ratio of 76.87, a quick ratio of 76.87 and a debt-to-equity ratio of 2.21. The stock has a 50 day moving average of $11.71 and a 200-day moving average of $11.40. Ladder Capital Corp has a 52 week low of $9.08 and a 52 week high of $12.48.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The business had revenue of $71.67 million for the quarter, compared to analyst estimates of $71.22 million. Ladder Capital had a return on equity of 9.17% and a net margin of 19.07%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. On average, analysts expect that Ladder Capital Corp will post 1 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.39%. The ex-dividend date was Monday, September 30th. Ladder Capital’s dividend payout ratio is currently 121.05%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $13.50 price objective on shares of Ladder Capital in a research note on Friday, August 30th. Keefe, Bruyette & Woods boosted their target price on Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. BTIG Research reiterated a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a report on Friday, July 19th. B. Riley boosted their target price on Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Bank of America boosted their target price on Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

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.