24,160 Shares in Ladder Capital Corp (NYSE:LADR) Acquired by Choreo LLC

Choreo LLC purchased a new position in Ladder Capital Corp (NYSE:LADR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 24,160 shares of the real estate investment trust’s stock, valued at approximately $268,000.

Several other hedge funds have also made changes to their positions in LADR. Private Advisor Group LLC lifted its holdings in shares of Ladder Capital by 23.7% in the 4th quarter. Private Advisor Group LLC now owns 29,802 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 5,701 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ladder Capital by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,536,199 shares of the real estate investment trust’s stock valued at $17,682,000 after acquiring an additional 19,327 shares in the last quarter. Norges Bank bought a new stake in Ladder Capital during the 4th quarter valued at $8,923,000. Quest Partners LLC bought a new stake in Ladder Capital during the 4th quarter valued at $186,000. Finally, Relative Value Partners Group LLC raised its stake in Ladder Capital by 13.0% during the 4th quarter. Relative Value Partners Group LLC now owns 617,303 shares of the real estate investment trust’s stock valued at $7,105,000 after acquiring an additional 71,047 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LADR. BTIG Research reissued a “buy” rating and issued a $13.50 price objective on shares of Ladder Capital in a research note on Friday, July 19th. Wolfe Research assumed coverage on Ladder Capital in a research note on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 price objective on the stock. Bank of America lifted their target price on Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. StockNews.com cut Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods lifted their target price on Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Ladder Capital presently has an average rating of “Moderate Buy” and an average price target of $13.33.

Insider Buying and Selling at Ladder Capital

In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the business’s 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 transaction, the insider now owns 351,453 shares in the company, valued at $4,270,153.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Pamela Mccormack sold 50,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $12.25, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Perelman sold 25,000 shares of the company’s 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 owns 351,453 shares of the company’s stock, valued at approximately $4,270,153.95. The disclosure for this sale can be found here. Insiders have sold 175,000 shares of company stock worth $2,133,250 over the last 90 days. 12.00% of the stock is currently owned by corporate insiders.

Ladder Capital Stock Performance

Shares of LADR stock opened at $12.08 on Thursday. Ladder Capital Corp has a 1-year low of $9.08 and a 1-year 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 company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 15.89 and a beta of 1.94. The stock’s fifty day simple moving average is $11.94 and its 200-day simple moving average is $11.32.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Ladder Capital had a return on equity of 9.17% and a net margin of 19.07%. The business had revenue of $71.67 million for the quarter, compared to the consensus estimate of $71.22 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. Ladder Capital’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, sell-side analysts predict that Ladder Capital Corp will post 1 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 7.62%. Ladder Capital’s dividend payout ratio (DPR) is currently 121.05%.

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.