Stifel Financial Corp Increases Stock Holdings in Ladder Capital Corp (NYSE:LADR)

Stifel Financial Corp boosted its stake in shares of Ladder Capital Corp (NYSE:LADR) by 196.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 165,768 shares of the real estate investment trust’s stock after buying an additional 109,816 shares during the period. Stifel Financial Corp owned approximately 0.13% of Ladder Capital worth $1,923,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in Ladder Capital by 32.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock worth $12,321,000 after purchasing an additional 266,693 shares during the period. Principal Financial Group Inc. lifted its position in shares of Ladder Capital by 5.0% during the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after purchasing an additional 96,573 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Ladder Capital by 21.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 264,655 shares of the real estate investment trust’s stock valued at $3,070,000 after purchasing an additional 47,085 shares during the period. Millennium Management LLC boosted its stake in shares of Ladder Capital by 92.0% during the second quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock valued at $8,332,000 after purchasing an additional 353,530 shares during the period. Finally, SG Americas Securities LLC bought a new position in Ladder Capital in the 3rd quarter worth about $295,000. 62.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market outperform” rating and issued a $13.50 price target on shares of Ladder Capital in a report 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.33.

Ladder Capital Trading Down 0.8 %

LADR opened at $11.20 on Friday. The stock has a fifty day moving average price of $11.57 and a 200-day moving average price of $11.61. Ladder Capital Corp has a 12 month low of $10.10 and a 12 month high of $12.48. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 14.74 and a beta of 1.93.

Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. The business had revenue of $128.64 million during the quarter, compared to analyst estimates of $60.85 million. During the same period in the prior year, the firm posted $0.28 earnings per share. As a group, equities research analysts anticipate that Ladder Capital Corp will post 1.06 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.23 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.21%. Ladder Capital’s payout ratio is 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.