Ladder Capital Corp (NYSE:LADR) Short Interest Up 21.3% in September

Ladder Capital Corp (NYSE:LADR) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 997,700 shares, an increase of 21.3% from the September 15th total of 822,200 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 716,400 shares, the short-interest ratio is currently 1.4 days.

Insider Buying and Selling

In other Ladder Capital news, President Pamela Mccormack sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $12.17, for a total value of $1,217,000.00. Following the completion of the sale, the president now owns 598,863 shares in the company, valued at approximately $7,288,162.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, President Pamela Mccormack sold 100,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $12.17, for a total transaction of $1,217,000.00. Following the completion of the sale, the president now owns 598,863 shares in the company, valued at $7,288,162.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Perelman sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the transaction, the insider now owns 351,453 shares in the company, valued at approximately $4,270,153.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,000 shares of company stock worth $2,133,250 in the last 90 days. Corporate insiders own 12.00% of the company’s stock.

Institutional Investors Weigh In On Ladder Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning grew its stake in shares of Ladder Capital by 2.5% during the 3rd quarter. Creative Planning now owns 37,302 shares of the real estate investment trust’s stock worth $433,000 after acquiring an additional 909 shares in the last quarter. HB Wealth Management LLC increased its stake in Ladder Capital by 7.1% in 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 buying an additional 1,000 shares during the last quarter. Access Investment Management LLC increased its stake in Ladder Capital by 0.5% in the 2nd quarter. Access Investment Management LLC now owns 276,678 shares of the real estate investment trust’s stock valued at $3,124,000 after buying an additional 1,355 shares during the last quarter. ProShare Advisors LLC lifted its position in Ladder Capital by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 1,602 shares in the last quarter. Finally, Capital Square LLC boosted its stake in shares of Ladder Capital by 2.5% during the 2nd quarter. Capital Square LLC now owns 74,509 shares of the real estate investment trust’s stock worth $903,000 after buying an additional 1,804 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Trading Up 0.2 %

NYSE:LADR opened at $11.25 on Wednesday. The company has a debt-to-equity ratio of 2.21, a current ratio of 76.87 and a quick ratio of 76.87. Ladder Capital has a fifty-two week low of $9.08 and a fifty-two week high of $12.48. The business’s 50-day simple moving average is $11.78 and its 200-day simple moving average is $11.40. The stock has a market capitalization of $1.42 billion, a PE ratio of 14.80 and a beta of 1.94.

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

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.18%. Ladder Capital’s payout ratio is presently 121.05%.

Wall Street Analysts Forecast Growth

LADR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. StockNews.com downgraded Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Wolfe Research began coverage on Ladder Capital in a research note on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 target price on the stock. 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 research report on Monday, July 29th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $13.50 price target on shares of Ladder Capital in a research report on Friday, August 30th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.33.

Ladder Capital Company Profile

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.