Ladder Capital Target of Unusually Large Options Trading (LADR)

Ladder Capital Corp (NYSE:LADR) saw unusually large options trading on Thursday. Stock investors bought 3,603 call options on the company. This represents an increase of approximately 1,530% compared to the typical daily volume of 221 call options.

Shares of NYSE:LADR traded down $0.03 on Friday, reaching $15.02. 668,889 shares of the company traded hands, compared to its average volume of 1,333,159. Ladder Capital has a fifty-two week low of $12.82 and a fifty-two week high of $15.39. The company has a market capitalization of $1,674.82, a PE ratio of 11.04, a price-to-earnings-growth ratio of 2.13 and a beta of 0.89. The company has a debt-to-equity ratio of 2.94, a quick ratio of 62.36 and a current ratio of 62.36.

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Ladder Capital (NYSE:LADR) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). The business had revenue of $126.10 million during the quarter, compared to analysts’ expectations of $71.78 million. Ladder Capital had a net margin of 20.78% and a return on equity of 10.30%. research analysts forecast that Ladder Capital will post 1.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 12th were paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date was Friday, March 9th. Ladder Capital’s dividend payout ratio (DPR) is presently 92.65%.

Several hedge funds and other institutional investors have recently bought and sold shares of LADR. California Public Employees Retirement System increased its stake in shares of Ladder Capital by 10.2% in the second quarter. California Public Employees Retirement System now owns 57,240 shares of the real estate investment trust’s stock worth $768,000 after acquiring an additional 5,300 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Ladder Capital by 9.9% during the second quarter. Parametric Portfolio Associates LLC now owns 79,506 shares of the real estate investment trust’s stock worth $1,066,000 after buying an additional 7,144 shares during the last quarter. State Street Corp increased its position in Ladder Capital by 50.6% during the second quarter. State Street Corp now owns 1,209,568 shares of the real estate investment trust’s stock worth $16,219,000 after buying an additional 406,141 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Ladder Capital by 63.7% during the second quarter. The Manufacturers Life Insurance Company now owns 56,860 shares of the real estate investment trust’s stock worth $763,000 after buying an additional 22,123 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Ladder Capital by 45.8% during the second quarter. California State Teachers Retirement System now owns 125,052 shares of the real estate investment trust’s stock worth $1,677,000 after buying an additional 39,300 shares during the last quarter. 49.62% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on LADR. Zacks Investment Research cut Ladder Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. ValuEngine cut Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $16.50 price objective on shares of Ladder Capital in a research note on Thursday, March 1st. Raymond James Financial assumed coverage on Ladder Capital in a report on Tuesday, March 27th. They set a “strong-buy” rating and a $17.50 target price for the company. Finally, Bank of America raised Ladder Capital from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $17.25.

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Ladder Capital Company 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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