Ladder Capital Corp (NYSE:LADR) Shares Acquired by Creative Planning

Creative Planning increased its holdings in Ladder Capital Corp (NYSE:LADR) by 2.5% during the third quarter, HoldingsChannel.com reports. The fund owned 37,302 shares of the real estate investment trust’s stock after buying an additional 909 shares during the period. Creative Planning’s holdings in Ladder Capital were worth $433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of LADR. MQS Management LLC purchased a new position in Ladder Capital in the 2nd quarter valued at $128,000. Algert Global LLC purchased a new position in Ladder Capital in the 2nd quarter valued at $130,000. SG Americas Securities LLC purchased a new position in Ladder Capital in the 1st quarter valued at $148,000. TrueMark Investments LLC purchased a new position in Ladder Capital in the 2nd quarter valued at $174,000. Finally, ProShare Advisors LLC grew its position in Ladder Capital by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 1,602 shares during the last quarter. 62.25% of the stock is 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 dated Friday, August 30th. The shares were sold at an average price of $12.25, for a total value of $612,500.00. Following the sale, the president now directly owns 548,863 shares in the company, valued at $6,723,571.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Pamela Mccormack sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Perelman sold 25,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders own 12.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LADR. B. Riley lifted their price objective on shares of Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, July 29th. StockNews.com lowered shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods boosted their target price 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. BTIG Research restated a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a research report on Friday, July 19th. Finally, Bank of America boosted their target price 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.33.

Ladder Capital Price Performance

Ladder Capital stock opened at $11.63 on Thursday. Ladder Capital Corp has a 52 week low of $10.10 and a 52 week high of $12.48. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. The firm’s 50-day simple moving average is $11.61 and its 200 day simple moving average is $11.47. The firm has a market capitalization of $1.48 billion, a PE ratio of 15.30 and a beta of 1.94.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. The business had revenue of $128.64 million for the quarter, compared to analyst estimates of $60.85 million. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities research analysts predict that Ladder Capital Corp will post 1 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.23 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 7.91%. Ladder Capital’s dividend payout ratio is presently 121.05%.

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.