Mount Yale Investment Advisors LLC Purchases 3,360 Shares of Ladder Capital Corp (NYSE:LADR)

Mount Yale Investment Advisors LLC increased its stake in Ladder Capital Corp (NYSE:LADR) by 24.2% in the third quarter, Holdings Channel reports. The firm owned 17,219 shares of the real estate investment trust’s stock after purchasing an additional 3,360 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Ladder Capital were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LADR. MQS Management LLC acquired a new stake in Ladder Capital in the 2nd quarter worth approximately $128,000. Algert Global LLC acquired a new stake in Ladder Capital in the 2nd quarter worth approximately $130,000. SG Americas Securities LLC acquired a new stake in Ladder Capital in the 1st quarter worth approximately $148,000. HB Wealth Management LLC boosted 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 worth $167,000 after purchasing an additional 1,000 shares in the last quarter. Finally, TrueMark Investments LLC purchased a new position in Ladder Capital during the 2nd quarter worth approximately $174,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Ladder Capital Price Performance

NYSE:LADR opened at $11.28 on Tuesday. The company has a debt-to-equity ratio of 2.21, a current ratio of 76.87 and a quick ratio of 76.87. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 14.84 and a beta of 1.94. The company has a 50 day moving average price of $11.69 and a 200-day moving average price of $11.42. Ladder Capital Corp has a 1-year low of $9.62 and a 1-year high of $12.48.

Ladder Capital (NYSE:LADR) last posted 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 during the quarter, compared to analyst estimates of $60.85 million. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. During the same period in the previous year, the firm earned $0.28 EPS. Equities research analysts forecast that Ladder Capital Corp will post 1 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.16%. The ex-dividend date of this dividend was Monday, September 30th. Ladder Capital’s payout ratio is presently 121.05%.

Wall Street Analyst Weigh In

LADR has been the subject of a number of recent research reports. BTIG Research reissued a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a research report on Friday, July 19th. JMP Securities reissued a “market outperform” rating and set a $13.50 price target on shares of Ladder Capital in a research report on Friday, August 30th. Bank of America raised their price target on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised their price target on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Finally, B. Riley raised their price target on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Ladder Capital 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.