Intech Investment Management LLC Takes $344,000 Position in Ladder Capital Corp (NYSE:LADR)

Intech Investment Management LLC purchased a new stake in Ladder Capital Corp (NYSE:LADR) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,615 shares of the real estate investment trust’s stock, valued at approximately $344,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Boston Partners bought a new stake in shares of Ladder Capital during the first quarter worth about $787,000. Van ECK Associates Corp raised its position in Ladder Capital by 32.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock valued at $12,321,000 after buying an additional 266,693 shares during the last quarter. Principal Financial Group Inc. raised its position in Ladder Capital by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after buying an additional 96,573 shares during the last quarter. Cetera Advisors LLC raised its position in Ladder Capital by 12.8% in the 1st quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 3,161 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Ladder Capital by 92.0% in the 2nd quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock valued at $8,332,000 after purchasing an additional 353,530 shares during the period. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Trading Down 1.2 %

NYSE LADR opened at $11.78 on Wednesday. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. Ladder Capital Corp has a twelve month low of $10.10 and a twelve month high of $12.48. The firm has a market capitalization of $1.50 billion, a PE ratio of 15.50 and a beta of 1.93. The stock’s 50 day moving average is $11.48 and its 200 day moving average is $11.57.

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

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date was Monday, September 30th. Ladder Capital’s dividend payout ratio (DPR) is 121.05%.

Insider Transactions at Ladder Capital

In related news, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the transaction, the insider now directly owns 351,453 shares in the company, valued at approximately $4,270,153.95. This represents a 6.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market outperform” rating and set a $13.50 price target on shares of Ladder Capital in a research note 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’s stock. Based on data from MarketBeat.com, 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.