Verition Fund Management LLC Has $351,000 Position in Ladder Capital Corp (NYSE:LADR)

Verition Fund Management LLC raised its stake in Ladder Capital Corp (NYSE:LADR) by 80.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,296 shares of the real estate investment trust’s stock after buying an additional 13,545 shares during the period. Verition Fund Management LLC’s holdings in Ladder Capital were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LADR. Quest Partners LLC boosted its stake in shares of Ladder Capital by 13,513.5% in the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 7,027 shares during the last quarter. MQS Management LLC bought a new stake in Ladder Capital during the second quarter valued at $128,000. Algert Global LLC acquired a new stake in Ladder Capital during the 2nd quarter worth about $130,000. TrueMark Investments LLC bought a new position in shares of Ladder Capital in the 2nd quarter worth about $174,000. Finally, Mount Yale Investment Advisors LLC lifted its stake in shares of Ladder Capital by 24.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 3,360 shares during the period. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Trading Down 1.2 %

Shares of LADR stock opened at $11.84 on Friday. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.58 and a beta of 1.93. The company’s fifty day simple moving average is $11.53 and its two-hundred day simple moving average is $11.60. Ladder Capital Corp has a 1 year low of $10.10 and a 1 year high of $12.48. 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 announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (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 firm had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. During the same period in the prior year, the firm posted $0.28 earnings per share. As a group, analysts anticipate that Ladder Capital Corp will post 1.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and set a $13.50 price target on shares of Ladder Capital in a report on Friday, August 30th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.