Ladder Capital Corp (NYSE:LADR) Holdings Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 32.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 179,054 shares of the real estate investment trust’s stock after selling 85,724 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.14% of Ladder Capital worth $2,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Ladder Capital during the first quarter valued at approximately $148,000. HB Wealth Management LLC grew its holdings in shares of Ladder Capital by 7.1% during the 1st quarter. HB Wealth Management LLC now owns 15,000 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 1,000 shares in the last quarter. TrueMark Investments LLC acquired a new position in shares of Ladder Capital in the second quarter worth $174,000. Quest Partners LLC acquired a new stake in Ladder Capital during the fourth quarter valued at $186,000. Finally, ProShare Advisors LLC grew its stake in Ladder Capital by 8.5% in the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 1,602 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Insider Buying and Selling

In related news, insider Robert Perelman sold 25,000 shares of the company’s 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 transaction, the insider now directly 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, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 351,453 shares in the company, valued at approximately $4,270,153.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Pamela Mccormack sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $12.25, for a total value of $612,500.00. Following the transaction, the president now owns 548,863 shares of the company’s stock, valued at approximately $6,723,571.75. The disclosure for this sale can be found here. Insiders have sold a total of 175,000 shares of company stock valued at $2,133,250 over the last three months. 12.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LADR shares. B. Riley boosted their price target on Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Wolfe Research assumed coverage on shares of Ladder Capital in a report on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $13.50 price target on shares of Ladder Capital in a research report on Friday, August 30th. StockNews.com lowered Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Finally, Bank of America boosted 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Ladder Capital Price Performance

NYSE LADR opened at $12.01 on Friday. The stock has a market capitalization of $1.52 billion, a PE ratio of 15.80 and a beta of 1.94. The stock has a 50-day simple moving average of $11.96 and a 200 day simple moving average of $11.34. The company has a debt-to-equity ratio of 2.21, a quick ratio of 76.87 and a current ratio of 76.87. Ladder Capital Corp has a twelve month low of $9.08 and a twelve month high of $12.48.

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

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders 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 dividend yield of 7.66%. The ex-dividend date of this dividend is Monday, September 30th. Ladder Capital’s dividend payout ratio is currently 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.