Ladder Capital Corp (NYSE:LADR) Stock Position Lifted by Barclays PLC

Barclays PLC lifted its stake in shares of Ladder Capital Corp (NYSE:LADR) by 28.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205,403 shares of the real estate investment trust’s stock after purchasing an additional 45,294 shares during the quarter. Barclays PLC owned about 0.16% of Ladder Capital worth $2,382,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Raymond James & Associates raised its position in shares of Ladder Capital by 1.6% during the 2nd quarter. Raymond James & Associates now owns 545,754 shares of the real estate investment trust’s stock worth $6,162,000 after buying an additional 8,733 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Ladder Capital by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 511,237 shares of the real estate investment trust’s stock worth $5,772,000 after purchasing an additional 35,639 shares in the last quarter. TrueMark Investments LLC acquired a new stake in Ladder Capital in the second quarter worth approximately $174,000. Van ECK Associates Corp boosted its stake in Ladder Capital by 32.3% during 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 purchasing an additional 266,693 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its position in shares of Ladder Capital by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 295,551 shares of the real estate investment trust’s stock valued at $3,337,000 after purchasing an additional 58,725 shares during the period. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Price Performance

Shares of NYSE:LADR opened at $11.45 on Thursday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. The company has a market capitalization of $1.46 billion, a PE ratio of 15.07 and a beta of 1.93. The stock has a fifty day moving average of $11.58 and a 200-day moving average of $11.63. Ladder Capital Corp has a one year low of $10.10 and a one year high of $12.48.

Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share 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 analyst estimates 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 last year, the company posted $0.28 EPS. As a group, equities analysts anticipate that Ladder Capital Corp will post 1.06 EPS for the current fiscal year.

Ladder Capital Announces Dividend

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

Analyst Ratings Changes

Separately, JMP Securities restated a “market outperform” rating and issued a $13.50 price objective on shares of Ladder Capital in a 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.