Bailard Inc. Acquires 14,900 Shares of Ladder Capital Corp (NYSE:LADR)

Bailard Inc. increased its stake in shares of Ladder Capital Corp (NYSE:LADR) by 82.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,000 shares of the real estate investment trust’s stock after buying an additional 14,900 shares during the quarter. Bailard Inc.’s holdings in Ladder Capital were worth $373,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Ladder Capital in the 1st quarter valued at $148,000. HB Wealth Management LLC grew its position in Ladder Capital by 7.1% in the first quarter. HB Wealth Management LLC now owns 15,000 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 1,000 shares during the last quarter. Quest Partners LLC acquired a new position in Ladder Capital during the fourth quarter worth about $186,000. ProShare Advisors LLC lifted its holdings in shares of Ladder Capital by 8.5% in the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 1,602 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of Ladder Capital by 12.8% during the 1st quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock valued at $311,000 after purchasing an additional 3,161 shares during the last quarter. Institutional investors own 62.25% of the company’s stock.

Analyst Upgrades and Downgrades

LADR has been the topic of several recent research reports. StockNews.com downgraded shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. JMP Securities increased their target price on shares of Ladder Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a research note on Monday, July 22nd. BTIG Research reaffirmed a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a research report on Friday, July 19th. B. Riley increased their price target on Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Bank of America upped their target price on Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.33.

Insider Buying and Selling at Ladder Capital

In other news, President Pamela Mccormack sold 100,000 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $12.17, for a total value of $1,217,000.00. Following the transaction, the president now owns 598,863 shares of the company’s stock, valued at approximately $7,288,162.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 12.00% of the company’s stock.

Ladder Capital Stock Performance

Shares of LADR opened at $12.09 on Tuesday. Ladder Capital Corp has a 52-week low of $9.08 and a 52-week high of $12.48. The stock’s 50-day simple moving average is $11.65 and its 200 day simple moving average is $11.15. The company has a debt-to-equity ratio of 2.21, a quick ratio of 88.41 and a current ratio of 76.87. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 15.91 and a beta of 1.94.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The company had revenue of $71.67 million during the quarter, compared to analysts’ expectations of $71.22 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. Ladder Capital’s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts forecast that Ladder Capital Corp will post 1 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 7.61%. Ladder Capital’s dividend payout ratio is currently 121.05%.

Ladder Capital Profile

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.