MQS Management LLC Purchases New Holdings in Ladder Capital Corp (NYSE:LADR)

MQS Management LLC acquired a new position in shares of Ladder Capital Corp (NYSE:LADR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,361 shares of the real estate investment trust’s stock, valued at approximately $128,000.

Several other large investors also recently added to or reduced their stakes in LADR. Waterloo Capital L.P. grew its holdings in shares of Ladder Capital by 8.7% during the second quarter. Waterloo Capital L.P. now owns 243,310 shares of the real estate investment trust’s stock valued at $2,747,000 after buying an additional 19,557 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Ladder Capital by 21.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 59,750 shares of the real estate investment trust’s stock worth $675,000 after acquiring an additional 10,519 shares in the last quarter. Denali Advisors LLC acquired a new stake in Ladder Capital during the 2nd quarter worth about $413,000. Choreo LLC purchased a new position in Ladder Capital during the 2nd quarter valued at about $268,000. Finally, Capital Square LLC increased its holdings in shares of Ladder Capital by 2.5% in the 2nd quarter. Capital Square LLC now owns 74,509 shares of the real estate investment trust’s stock valued at $903,000 after purchasing an additional 1,804 shares during the period. 62.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the sale, the insider now directly owns 351,453 shares of the company’s stock, valued at approximately $4,270,153.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related 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 transaction of $303,750.00. Following the completion of the transaction, the insider now owns 351,453 shares of the company’s stock, valued at approximately $4,270,153.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $12.25, for a total value of $612,500.00. Following the completion of the sale, the president now directly owns 548,863 shares in the company, 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 90 days. 12.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LADR has been the subject of several research reports. BTIG Research restated a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a report on Friday, July 19th. Wolfe Research began coverage on shares of Ladder Capital in a research note on Tuesday, June 25th. They set an “outperform” rating and a $13.00 target price for the company. Keefe, Bruyette & Woods upped their price target 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. StockNews.com lowered Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Finally, JMP Securities restated a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a research note 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Ladder Capital Stock Down 1.7 %

LADR stock opened at $12.01 on Friday. The firm has a market cap of $1.52 billion, a PE ratio of 15.80 and a beta of 1.94. Ladder Capital Corp has a 1 year low of $9.08 and a 1 year high of $12.48. The company has a fifty day simple moving average of $11.96 and a 200 day simple moving average of $11.34. The company has a current ratio of 76.87, a quick ratio of 76.87 and a debt-to-equity ratio of 2.21.

Ladder Capital (NYSE:LADR) last announced 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 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%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Sell-side analysts anticipate that Ladder Capital Corp will post 1 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, September 30th. This represents a $0.92 annualized dividend and a yield of 7.66%. Ladder Capital’s dividend payout ratio (DPR) is presently 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.