Ladder Capital Corp (NYSE:LADR) Shares Purchased by Creative Planning

Creative Planning increased its position in shares of Ladder Capital Corp (NYSE:LADR) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,302 shares of the real estate investment trust’s stock after purchasing an additional 909 shares during the period. Creative Planning’s holdings in Ladder Capital were worth $433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LADR. MQS Management LLC purchased a new position in Ladder Capital during the second quarter worth about $128,000. Algert Global LLC purchased a new position in Ladder Capital during the second quarter worth about $130,000. SG Americas Securities LLC purchased a new position in Ladder Capital during the first quarter worth about $148,000. TrueMark Investments LLC purchased a new position in Ladder Capital during the second quarter worth about $174,000. Finally, ProShare Advisors LLC boosted its stake in Ladder Capital by 8.5% during the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 1,602 shares during the period. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LADR has been the subject of several research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $13.50 target price on shares of Ladder Capital in a research note on Friday, August 30th. Keefe, Bruyette & Woods raised their price objective on shares of Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Bank of America raised their price objective on shares of Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. StockNews.com lowered shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Finally, B. Riley raised their price objective on shares of Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.33.

Insiders Place Their Bets

In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the sale, the president now owns 548,863 shares of the company’s stock, valued at approximately $6,723,571.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the sale, the president now owns 548,863 shares of the company’s stock, valued at approximately $6,723,571.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Perelman sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.15, for a total transaction of $303,750.00. Following the sale, the insider now directly owns 351,453 shares in the company, valued at approximately $4,270,153.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.00% of the stock is owned by corporate insiders.

Ladder Capital Stock Up 2.7 %

Shares of NYSE:LADR opened at $11.63 on Thursday. The firm’s 50 day moving average price is $11.61 and its 200 day moving average price is $11.47. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 15.30 and a beta of 1.94. Ladder Capital Corp has a fifty-two week low of $10.10 and a fifty-two week high of $12.48. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $128.64 million for the quarter, compared to analysts’ expectations of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same quarter last year, the company earned $0.28 earnings per share. As a group, equities research analysts predict that Ladder Capital Corp will post 1 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.92 annualized dividend and a yield of 7.91%. Ladder Capital’s dividend payout ratio (DPR) is 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.