MML Investors Services LLC Purchases 5,575 Shares of Ladder Capital Corp (NYSE:LADR)

MML Investors Services LLC raised its position in Ladder Capital Corp (NYSE:LADR) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,565 shares of the real estate investment trust’s stock after buying an additional 5,575 shares during the period. MML Investors Services LLC’s holdings in Ladder Capital were worth $436,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quest Partners LLC lifted its holdings in Ladder Capital by 13,513.5% during the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 7,027 shares during the period. Quarry LP increased its position in shares of Ladder Capital by 1,832.9% during the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 7,698 shares during the last quarter. MQS Management LLC bought a new stake in shares of Ladder Capital during the 2nd quarter worth $128,000. Algert Global LLC purchased a new position in shares of Ladder Capital in the 2nd quarter worth about $130,000. Finally, TrueMark Investments LLC purchased a new position in shares of Ladder Capital in the 2nd quarter worth about $174,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed 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 research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.33.

Ladder Capital Price Performance

NYSE LADR opened at $11.29 on Tuesday. The company has a market cap of $1.44 billion, a PE ratio of 14.86 and a beta of 1.93. 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 $11.57 and its two-hundred day simple moving average is $11.63. Ladder Capital Corp has a 52 week low of $10.10 and a 52 week high of $12.48.

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 company had revenue of $128.64 million during the quarter, compared to the consensus estimate of $60.85 million. During the same period last year, the firm earned $0.28 EPS. Research analysts predict that Ladder Capital Corp will post 1.06 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.15%. Ladder Capital’s dividend payout ratio (DPR) is 121.05%.

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.