Charles Schwab Investment Management Inc. Acquires 4,282 Shares of Ladder Capital Corp (NYSE:LADR)

Charles Schwab Investment Management Inc. grew its holdings in Ladder Capital Corp (NYSE:LADR) by 0.3% during the third quarter, Holdings Channel.com reports. The firm owned 1,633,075 shares of the real estate investment trust’s stock after acquiring an additional 4,282 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Ladder Capital were worth $18,944,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LADR. Price T Rowe Associates Inc. MD grew its holdings in Ladder Capital by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 59,886 shares of the real estate investment trust’s stock worth $667,000 after acquiring an additional 4,063 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of Ladder Capital by 12.8% during the first quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 3,161 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Ladder Capital by 21.3% during the second quarter. QRG Capital Management Inc. now owns 137,598 shares of the real estate investment trust’s stock valued at $1,553,000 after purchasing an additional 24,150 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Ladder Capital by 1.6% in the second quarter. Raymond James & Associates now owns 545,754 shares of the real estate investment trust’s stock valued at $6,162,000 after purchasing an additional 8,733 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Ladder Capital by 7.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 511,237 shares of the real estate investment trust’s stock worth $5,772,000 after purchasing an additional 35,639 shares during the last quarter. Institutional investors own 62.25% of the company’s stock.

Insider Transactions at Ladder Capital

In related news, 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 sale, the insider now owns 351,453 shares in the company, valued at $4,270,153.95. This represents a 6.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.00% of the company’s stock.

Ladder Capital Trading Up 0.4 %

Shares of NYSE LADR opened at $11.80 on Friday. Ladder Capital Corp has a fifty-two week low of $10.10 and a fifty-two week high of $12.48. The firm has a market capitalization of $1.51 billion, a P/E ratio of 15.53 and a beta of 1.93. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. The company’s 50 day simple moving average is $11.47 and its 200 day simple moving average is $11.57.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The company had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. During the same quarter in the prior year, the business posted $0.28 EPS. On average, analysts predict that Ladder Capital Corp will post 1.06 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date was Monday, September 30th. Ladder Capital’s dividend payout ratio (DPR) is currently 121.05%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market outperform” rating and issued a $13.50 price objective on shares of Ladder Capital in a research report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.