LPL Financial LLC lowered its stake in shares of Ladder Capital Corp (NYSE:LADR – Free Report) by 0.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,712 shares of the real estate investment trust’s stock after selling 1,366 shares during the quarter. LPL Financial LLC owned about 0.12% of Ladder Capital worth $1,614,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Ladder Capital by 15.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,038 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 3,396 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Ladder Capital by 46.6% in the first quarter. MetLife Investment Management LLC now owns 57,429 shares of the real estate investment trust’s stock valued at $682,000 after acquiring an additional 18,257 shares during the period. Vanguard Group Inc. boosted its position in shares of Ladder Capital by 3.1% in the first quarter. Vanguard Group Inc. now owns 10,681,700 shares of the real estate investment trust’s stock valued at $126,791,000 after acquiring an additional 321,502 shares during the period. Prudential Financial Inc. boosted its position in shares of Ladder Capital by 12.0% in the first quarter. Prudential Financial Inc. now owns 255,391 shares of the real estate investment trust’s stock valued at $3,031,000 after acquiring an additional 27,353 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of Ladder Capital by 28.9% in the first quarter. Penserra Capital Management LLC now owns 24,239 shares of the real estate investment trust’s stock valued at $287,000 after acquiring an additional 5,436 shares during the period. Institutional investors own 60.93% of the company’s stock.
Wall Street Analysts Forecast Growth
LADR has been the subject of several research reports. JMP Securities increased their price objective on Ladder Capital from $12.00 to $13.00 in a research report on Thursday, July 27th. StockNews.com raised Ladder Capital from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Raymond James cut Ladder Capital from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $12.00 to $12.50 in a research report on Thursday, July 27th. Finally, BTIG Research raised their target price on Ladder Capital from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Monday, July 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $12.00.
Ladder Capital Stock Down 0.5 %
Shares of LADR stock opened at $10.40 on Tuesday. The stock has a market cap of $1.32 billion, a P/E ratio of 9.12 and a beta of 1.91. Ladder Capital Corp has a one year low of $8.76 and a one year high of $11.77. The stock has a fifty day moving average price of $10.22 and a 200 day moving average price of $10.34. The company has a debt-to-equity ratio of 2.47, a current ratio of 66.82 and a quick ratio of 66.82.
Ladder Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.85%. Ladder Capital’s payout ratio is presently 80.70%.
Ladder Capital Company Profile
Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. The company 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.
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