Van ECK Associates Corp Sells 129,818 Shares of Ladder Capital Corp (NYSE:LADR)

Van ECK Associates Corp trimmed its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 961,470 shares of the real estate investment trust’s stock after selling 129,818 shares during the period. Van ECK Associates Corp’s holdings in Ladder Capital were worth $10,547,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Creative Planning lifted its stake in Ladder Capital by 2.5% in the third quarter. Creative Planning now owns 37,302 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 909 shares during the period. Access Investment Management LLC boosted its stake in Ladder Capital by 0.5% during the 2nd quarter. Access Investment Management LLC now owns 276,678 shares of the real estate investment trust’s stock worth $3,124,000 after acquiring an additional 1,355 shares during the last quarter. ProShare Advisors LLC grew its holdings in Ladder Capital by 8.5% during the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 1,602 shares during the period. Capital Square LLC increased its stake in Ladder Capital by 2.5% in the second quarter. Capital Square LLC now owns 74,509 shares of the real estate investment trust’s stock valued at $903,000 after purchasing an additional 1,804 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Ladder Capital by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 60,772 shares of the real estate investment trust’s stock worth $686,000 after purchasing an additional 2,573 shares during the period. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Stock Up 2.7 %

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

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.28 earnings per share. On average, analysts predict that Ladder Capital Corp will post 1 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

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

Insider Activity

In related news, insider Robert Perelman sold 25,000 shares of the 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, President Pamela Mccormack sold 50,000 shares of the firm’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 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert Perelman sold 25,000 shares of the business’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 value of $303,750.00. Following the transaction, the insider now directly owns 351,453 shares in the company, valued at approximately $4,270,153.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LADR has been the subject of several research analyst reports. BTIG Research reissued a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a report on Friday, July 19th. JMP Securities reissued a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a research note on Friday, August 30th. StockNews.com lowered Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods boosted their price objective on Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Finally, Bank of America raised their target price on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a 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 company. According to data from MarketBeat.com, Ladder Capital presently has an average rating of “Moderate Buy” and an average 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.