Ladder Capital (NYSE:LADR) Sees Large Volume Increase

Ladder Capital Corp (NYSE:LADR) shares saw unusually-strong trading volume on Friday . Approximately 3,036,337 shares were traded during mid-day trading, an increase of 402% from the previous session’s volume of 604,285 shares.The stock last traded at $12.07 and had previously closed at $12.22.

Analyst Ratings Changes

LADR has been the topic of several research reports. StockNews.com downgraded shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their price target on shares of Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. JMP Securities reaffirmed a “market outperform” rating and set a $13.50 target price on shares of Ladder Capital in a research note on Friday, August 30th. BTIG Research reissued a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a research note on Friday, July 19th. Finally, B. Riley upped their price objective on Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Ladder Capital Stock Performance

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 stock has a market cap of $1.52 billion, a price-to-earnings ratio of 15.87 and a beta of 1.94. The stock’s 50 day moving average is $11.95 and its two-hundred day moving average is $11.33.

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

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date of this dividend is Monday, September 30th. Ladder Capital’s payout ratio is currently 121.05%.

Insider Activity at Ladder Capital

In other news, insider Robert Perelman sold 25,000 shares of Ladder Capital stock in a transaction on Friday, September 13th. The stock was sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the sale, the insider now owns 351,453 shares of the company’s stock, valued at $4,270,153.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $12.25, for a total value of $612,500.00. Following the completion of the transaction, the president now directly owns 548,863 shares of the company’s stock, valued at approximately $6,723,571.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the insider now owns 351,453 shares in the company, valued at approximately $4,270,153.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,000 shares of company stock valued at $2,133,250. 12.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ladder Capital

Several large investors have recently modified their holdings of LADR. Creative Planning boosted its holdings in shares of Ladder Capital by 34.2% during the second quarter. Creative Planning now owns 36,393 shares of the real estate investment trust’s stock valued at $411,000 after acquiring an additional 9,275 shares during the period. Algert Global LLC acquired a new stake in Ladder Capital in the 2nd quarter valued at approximately $130,000. The Manufacturers Life Insurance Company boosted its position in Ladder Capital by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,772 shares of the real estate investment trust’s stock worth $686,000 after acquiring an additional 2,573 shares during the period. Millennium Management LLC grew its stake in shares of Ladder Capital by 92.0% in the second quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock worth $8,332,000 after purchasing an additional 353,530 shares in the last quarter. Finally, MQS Management LLC acquired a new position in shares of Ladder Capital during the second quarter valued at $128,000. Institutional investors own 62.25% of the company’s stock.

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.