State Board of Administration of Florida Retirement System Grows Stock Holdings in Ladder Capital Corp (NYSE:LADR)

State Board of Administration of Florida Retirement System grew its holdings in Ladder Capital Corp (NYSE:LADRGet Rating) by 54.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,185 shares of the real estate investment trust’s stock after acquiring an additional 16,287 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Ladder Capital were worth $487,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Whittier Trust Co. purchased a new stake in Ladder Capital during the second quarter worth $43,000. Mercer Global Advisors Inc. ADV boosted its holdings in Ladder Capital by 13.0% during the first quarter. Mercer Global Advisors Inc. ADV now owns 11,475 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 1,322 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in Ladder Capital by 9.6% during the second quarter. Mount Yale Investment Advisors LLC now owns 16,401 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 1,435 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Ladder Capital during the first quarter worth $184,000. Finally, FCA Corp TX purchased a new stake in Ladder Capital during the first quarter worth $223,000. 60.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LADR shares. StockNews.com started coverage on shares of Ladder Capital in a report on Wednesday, October 12th. They set a “buy” rating on the stock. TheStreet raised shares of Ladder Capital from a “c” rating to a “b-” rating in a report on Friday, August 19th. Finally, Bank of America reaffirmed a “neutral” rating on shares of Ladder Capital in a report on Monday, October 31st. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Ladder Capital Stock Performance

LADR opened at $11.02 on Friday. The firm’s fifty day simple moving average is $10.29 and its two-hundred day simple moving average is $10.82. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 12.52 and a beta of 1.90. The company has a quick ratio of 88.12, a current ratio of 88.12 and a debt-to-equity ratio of 2.82. Ladder Capital Corp has a 52-week low of $8.67 and a 52-week high of $12.69.

Ladder Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.35%. This is a boost from Ladder Capital’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, September 29th. Ladder Capital’s dividend payout ratio is 104.55%.

Ladder Capital Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Ladder Capital (NYSE:LADR)

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