Commonwealth Equity Services LLC Has $430,000 Stock Holdings in Ladder Capital Corp (NYSE:LADR)

Commonwealth Equity Services LLC lessened its stake in shares of Ladder Capital Corp (NYSE:LADR) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,084 shares of the real estate investment trust’s stock after selling 1,347 shares during the period. Commonwealth Equity Services LLC’s holdings in Ladder Capital were worth $430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. HB Wealth Management LLC grew its holdings in Ladder Capital by 7.1% during the first quarter. HB Wealth Management LLC now owns 15,000 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,000 shares during the last quarter. Access Investment Management LLC grew its stake in shares of Ladder Capital by 0.5% in the second quarter. Access Investment Management LLC now owns 276,678 shares of the real estate investment trust’s stock worth $3,124,000 after acquiring an additional 1,355 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of 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 worth $227,000 after acquiring an additional 1,602 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of Ladder Capital by 12.8% in the first quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 3,161 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Ladder Capital by 0.4% in the first quarter. Van ECK Associates Corp now owns 824,595 shares of the real estate investment trust’s stock worth $9,178,000 after acquiring an additional 3,562 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Stock Performance

Ladder Capital stock opened at $12.01 on Friday. 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 quick ratio of 76.87, a current ratio of 76.87 and a debt-to-equity ratio of 2.21. Ladder Capital Corp has a 12-month low of $9.08 and a 12-month high of $12.48. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 15.80 and a beta of 1.94.

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

Ladder Capital Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 7.66%. Ladder Capital’s payout ratio is currently 121.05%.

Analyst Upgrades and Downgrades

LADR has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. B. Riley raised their price objective on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Wolfe Research started coverage on Ladder Capital in a research report on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 target price for the company. BTIG Research reaffirmed a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a research report on Friday, July 19th. Finally, StockNews.com cut Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Insider Transactions at Ladder Capital

In other news, President Pamela Mccormack sold 50,000 shares of Ladder Capital 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 transaction, the president now owns 548,863 shares in the company, valued at approximately $6,723,571.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the business’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 owns 351,453 shares in the company, valued at approximately $4,270,153.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Pamela Mccormack sold 50,000 shares of the company’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 sale, the president now owns 548,863 shares in the company, valued at approximately $6,723,571.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,000 shares of company stock worth $2,133,250. 12.00% of the stock is currently owned by company insiders.

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.