Raymond James & Associates Lowers Holdings in Ladder Capital Corp (NYSE:LADR)

Raymond James & Associates reduced its position in Ladder Capital Corp (NYSE:LADR) by 11.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,936 shares of the real estate investment trust’s stock after selling 64,818 shares during the period. Raymond James & Associates owned 0.38% of Ladder Capital worth $5,579,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. MQS Management LLC purchased a new stake in shares of Ladder Capital in the second quarter worth about $128,000. Algert Global LLC bought a new position in shares of Ladder Capital during the second quarter valued at approximately $130,000. SG Americas Securities LLC bought a new position in Ladder Capital in the first quarter worth approximately $148,000. TrueMark Investments LLC bought a new position in Ladder Capital in the second quarter worth approximately $174,000. Finally, ProShare Advisors LLC grew its stake in Ladder Capital by 8.5% in the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 1,602 shares in the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Price Performance

Shares of LADR opened at $11.54 on Friday. The business’s 50-day moving average is $11.66 and its two-hundred day moving average is $11.43. The company has a market capitalization of $1.48 billion, a P/E ratio of 15.18 and a beta of 1.94. The company has a debt-to-equity ratio of 2.34, a quick ratio of 76.87 and a current ratio of 54.44. Ladder Capital Corp has a fifty-two week low of $10.10 and a fifty-two week high of $12.48.

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 for the quarter, topping the consensus estimate 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 period last year, the firm earned $0.28 EPS. Research analysts predict that Ladder Capital Corp will post 1 earnings per share for the current year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date of this dividend was Monday, September 30th. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

Insider Activity

In other news, insider Robert Perelman sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.15, for a total transaction of $303,750.00. Following the sale, the insider now directly owns 351,453 shares in the company, valued at $4,270,153.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Robert Perelman sold 25,000 shares of Ladder Capital stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.15, for a total value of $303,750.00. Following the sale, the insider now directly owns 351,453 shares in the company, valued at approximately $4,270,153.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Pamela Mccormack sold 50,000 shares of Ladder Capital stock in a transaction dated Friday, August 30th. The stock was 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 owns 548,863 shares in the company, valued at approximately $6,723,571.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LADR. BTIG Research reaffirmed a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a research report on Friday, July 19th. Bank of America increased their price objective on Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, July 29th. JMP Securities reiterated a “market outperform” rating and set a $13.50 price objective on shares of Ladder Capital in a report on Friday, August 30th. StockNews.com lowered Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Finally, B. Riley raised their target price on Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Ladder Capital 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.