HighTower Advisors LLC Trims Position in Ladder Capital Corp (NYSE:LADR)

HighTower Advisors LLC lessened its holdings in Ladder Capital Corp (NYSE:LADR) by 22.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,594 shares of the real estate investment trust’s stock after selling 6,115 shares during the period. HighTower Advisors LLC’s holdings in Ladder Capital were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Jennison Associates LLC boosted its stake in Ladder Capital by 1.6% in the 3rd quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust’s stock worth $78,505,000 after purchasing an additional 108,079 shares during the period. Principal Financial Group Inc. lifted its stake 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 worth $23,434,000 after purchasing an additional 96,573 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Ladder Capital by 1.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,640,319 shares of the real estate investment trust’s stock valued at $19,028,000 after purchasing an additional 15,938 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ladder Capital by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,633,075 shares of the real estate investment trust’s stock valued at $18,944,000 after purchasing an additional 4,282 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Ladder Capital by 32.3% in the second quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock worth $12,321,000 after purchasing an additional 266,693 shares during the last quarter. 62.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JMP Securities reissued 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 analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Ladder Capital currently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Ladder Capital Stock Up 1.4 %

Shares of NYSE LADR opened at $11.45 on Wednesday. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34. Ladder Capital Corp has a 12-month low of $10.10 and a 12-month high of $12.48. The firm’s 50-day moving average price is $11.57 and its 200-day moving average price is $11.63. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.07 and a beta of 1.93.

Ladder Capital (NYSE:LADR) last issued 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 for the quarter, compared to the consensus estimate of $60.85 million. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. During the same period in the prior year, the business posted $0.28 earnings per share. On average, equities research analysts anticipate that Ladder Capital Corp will post 1.06 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.03%. The ex-dividend date is Tuesday, December 31st. Ladder Capital’s payout ratio is 121.05%.

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.