Aviso Wealth Management Sells 8,725 Shares of Ladder Capital Corp (NYSE:LADR)

Aviso Wealth Management reduced its position in shares of Ladder Capital Corp (NYSE:LADR) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 130,928 shares of the real estate investment trust’s stock after selling 8,725 shares during the quarter. Aviso Wealth Management owned 0.10% of Ladder Capital worth $1,519,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Boston Partners purchased a new position in shares of Ladder Capital during the 1st quarter valued at about $787,000. Van ECK Associates Corp lifted its position in shares of Ladder Capital by 32.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock valued at $12,321,000 after buying an additional 266,693 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Ladder Capital by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after buying an additional 96,573 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Ladder Capital by 12.8% during the 1st quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 3,161 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Ladder Capital by 92.0% during the 2nd quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock valued at $8,332,000 after buying an additional 353,530 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bank of America lifted their price objective on Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. B. Riley boosted their price target on Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, July 29th. JMP Securities reissued a “market outperform” rating and issued a $13.50 price target on shares of Ladder Capital in a report on Friday, August 30th. StockNews.com cut Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted their price target on Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. One 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, Ladder Capital has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Ladder Capital Stock Down 0.5 %

Shares of LADR opened at $11.64 on Monday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 15.32 and a beta of 1.94. Ladder Capital Corp has a 1 year low of $10.10 and a 1 year high of $12.48. The business’s 50 day simple moving average is $11.54 and its 200-day simple moving average is $11.51. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities analysts expect that Ladder Capital Corp will post 1 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 7.90%. The ex-dividend date was Monday, September 30th. Ladder Capital’s dividend payout ratio is currently 121.05%.

Insider Activity

In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of the company’s 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 transaction, the president now owns 548,863 shares of the company’s stock, valued at $6,723,571.75. This represents a 8.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction on 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 directly owns 351,453 shares in the company, valued at $4,270,153.95. This trade represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.00% of the company’s stock.

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.