Algert Global LLC Takes Position in Ladder Capital Corp (NYSE:LADR)

Algert Global LLC bought a new position in shares of Ladder Capital Corp (NYSE:LADR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,487 shares of the real estate investment trust’s stock, valued at approximately $130,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LADR. MQS Management LLC purchased a new stake in Ladder Capital in the 2nd quarter worth $128,000. SG Americas Securities LLC bought a new position in Ladder Capital during the first quarter valued at approximately $148,000. HB Wealth Management LLC boosted its stake in Ladder Capital by 7.1% during the first quarter. HB Wealth Management LLC now owns 15,000 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,000 shares during the last quarter. TrueMark Investments LLC purchased a new position in Ladder Capital during the 2nd quarter valued at approximately $174,000. Finally, ProShare Advisors LLC increased its stake 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 worth $227,000 after acquiring an additional 1,602 shares during the last quarter. Institutional investors own 62.25% of the company’s stock.

Insider Buying and Selling at Ladder Capital

In other news, insider Robert Perelman sold 25,000 shares of Ladder Capital stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, President Pamela Mccormack sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $12.17, for a total value of $1,217,000.00. Following the completion of the sale, the president now owns 598,863 shares in the company, valued at approximately $7,288,162.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $303,750.00. Following the completion of 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. Insiders have sold 175,000 shares of company stock valued at $2,133,250 in the last quarter. 12.00% of the stock is owned by insiders.

Analysts Set New Price Targets

LADR has been the subject of a number of research reports. Bank of America increased their target price on Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. StockNews.com downgraded shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $13.50 price target on shares of Ladder Capital in a report on Friday, August 30th. Finally, Wolfe Research assumed coverage on Ladder Capital in a research note on Tuesday, June 25th. They set an “outperform” rating and a $13.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Ladder Capital Price Performance

Ladder Capital stock opened at $11.15 on Friday. Ladder Capital Corp has a 12-month low of $9.08 and a 12-month high of $12.48. The company has a current ratio of 76.87, a quick ratio of 76.87 and a debt-to-equity ratio of 2.21. The firm has a 50-day moving average price of $11.78 and a 200-day moving average price of $11.39. The firm has a market capitalization of $1.43 billion, a PE ratio of 14.11 and a beta of 1.94.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $71.67 million during the quarter, compared to the consensus estimate of $71.22 million. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. As a group, equities research analysts forecast that Ladder Capital Corp will post 1 EPS for the current year.

Ladder Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.25%. The ex-dividend date is Monday, September 30th. Ladder Capital’s payout ratio is currently 116.46%.

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.