Boston Partners purchased a new position in Ladder Capital Corp (NYSE:LADR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 649,080 shares of the real estate investment trust’s stock, valued at approximately $8,944,000. Boston Partners owned 0.75% of Ladder Capital Corp at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in LADR. Evercore Wealth Management LLC bought a new stake in shares of Ladder Capital Corp in the 2nd quarter worth approximately $134,000. BNP Paribas Arbitrage SA grew its position in shares of Ladder Capital Corp by 833.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 9,106 shares during the last quarter. Legal & General Group Plc grew its position in shares of Ladder Capital Corp by 6.7% in the 1st quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 649 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Ladder Capital Corp in the 2nd quarter worth approximately $156,000. Finally, KCG Holdings Inc. grew its position in shares of Ladder Capital Corp by 14.7% in the 1st quarter. KCG Holdings Inc. now owns 13,014 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 1,667 shares during the last quarter. 46.58% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Brian Harris purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average cost of $13.41 per share, for a total transaction of $134,100.00. Following the completion of the transaction, the chief executive officer now directly owns 544,558 shares of the company’s stock, valued at approximately $7,302,522.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of Ladder Capital Corp stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $13.55, for a total value of $27,100,000.00. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.
Shares of Ladder Capital Corp (NYSE LADR) opened at $13.64 on Thursday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 77.86 and a current ratio of 77.86. Ladder Capital Corp has a 1 year low of $12.82 and a 1 year high of $15.53. The firm has a market capitalization of $1,517.23, a P/E ratio of 10.00, a P/E/G ratio of 2.09 and a beta of 1.04.
Ladder Capital Corp (NYSE:LADR) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Ladder Capital Corp had a return on equity of 9.78% and a net margin of 27.38%. The company had revenue of $69.30 million for the quarter, compared to analyst estimates of $59.05 million. During the same period in the previous year, the company posted $0.40 earnings per share. research analysts predict that Ladder Capital Corp will post 1.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 11th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Friday, December 8th. This is a positive change from Ladder Capital Corp’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 9.24%. Ladder Capital Corp’s payout ratio is currently 98.36%.
A number of brokerages have recently weighed in on LADR. Zacks Investment Research lowered Ladder Capital Corp from a “hold” rating to a “sell” rating in a research report on Monday, September 4th. BidaskClub lowered Ladder Capital Corp from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 price objective on shares of Ladder Capital Corp in a research report on Friday, September 22nd. Finally, B. Riley reiterated a “buy” rating on shares of Ladder Capital Corp in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $16.17.
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Ladder Capital Corp Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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