Dark Forest Capital Management LP Has $416,000 Holdings in Ladder Capital Corp (NYSE:LADR)

Dark Forest Capital Management LP trimmed its position in shares of Ladder Capital Corp (NYSE:LADR) by 37.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,851 shares of the real estate investment trust’s stock after selling 22,395 shares during the quarter. Dark Forest Capital Management LP’s holdings in Ladder Capital were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in LADR. MQS Management LLC acquired a new stake in shares of Ladder Capital in the 2nd quarter valued at $128,000. Waterloo Capital L.P. raised its holdings in Ladder Capital by 8.7% during the second quarter. Waterloo Capital L.P. now owns 243,310 shares of the real estate investment trust’s stock valued at $2,747,000 after buying an additional 19,557 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Ladder Capital by 21.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 59,750 shares of the real estate investment trust’s stock worth $675,000 after buying an additional 10,519 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of Ladder Capital during the 2nd quarter worth about $413,000. Finally, Choreo LLC acquired a new position in shares of Ladder Capital during the 2nd quarter valued at about $268,000. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Down 0.1 %

Shares of LADR opened at $11.88 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 76.87 and a current ratio of 76.87. The company has a 50-day simple moving average of $11.95 and a 200-day simple moving average of $11.38. Ladder Capital Corp has a 52 week low of $9.08 and a 52 week high of $12.48. The firm has a market capitalization of $1.50 billion, a P/E ratio of 15.63 and a beta of 1.94.

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

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.74%. The ex-dividend date is Monday, September 30th. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a report on Friday, August 30th. B. Riley upped their price objective on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Bank of America lifted their target price on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods upped their price target on shares of Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Finally, BTIG Research reiterated a “buy” rating and issued a $13.50 price objective on shares of Ladder Capital in a research note on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Insider Activity

In related news, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the sale, the insider now owns 351,453 shares of the company’s stock, valued at $4,270,153.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of Ladder Capital stock in a transaction on Friday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $612,500.00. Following the completion of the transaction, the president now directly owns 548,863 shares of the company’s stock, valued at $6,723,571.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Perelman sold 25,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the sale, the insider now directly owns 351,453 shares in the company, valued at approximately $4,270,153.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,000 shares of company stock worth $2,133,250. 12.00% of the stock is currently owned by corporate insiders.

Ladder Capital Company 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.