Rhumbline Advisers Has $2.01 Million Holdings in Ladder Capital Corp $LADR

Rhumbline Advisers cut its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,064 shares of the real estate investment trust’s stock after selling 7,863 shares during the quarter. Rhumbline Advisers owned about 0.14% of Ladder Capital worth $2,009,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. KBC Group NV acquired a new position in shares of Ladder Capital during the first quarter worth approximately $31,000. Versant Capital Management Inc acquired a new position in shares of Ladder Capital in the first quarter valued at $38,000. Coppell Advisory Solutions LLC raised its stake in shares of Ladder Capital by 138.6% in the first quarter. Coppell Advisory Solutions LLC now owns 8,933 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 5,189 shares in the last quarter. Samalin Investment Counsel LLC acquired a new position in shares of Ladder Capital in the first quarter valued at $123,000. Finally, Magnetar Financial LLC acquired a new position in shares of Ladder Capital in the first quarter valued at $172,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Keefe, Bruyette & Woods upped their target price on Ladder Capital from $11.75 to $12.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Strong Buy” and a consensus price target of $12.00.

Ladder Capital Price Performance

Ladder Capital stock opened at $11.32 on Thursday. The business’s 50-day simple moving average is $11.29 and its 200 day simple moving average is $10.95. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 9.71 and a beta of 1.09. Ladder Capital Corp has a 12-month low of $9.68 and a 12-month high of $12.22. The company has a quick ratio of 31.28, a current ratio of 31.28 and a debt-to-equity ratio of 1.86.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $56.26 million for the quarter, compared to analysts’ expectations of $58.57 million. Ladder Capital had a return on equity of 7.07% and a net margin of 20.05%.During the same quarter last year, the business earned $0.31 earnings per share. As a group, research analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 8.1%. Ladder Capital’s dividend payout ratio is presently 131.43%.

Insiders Place Their Bets

In other Ladder Capital news, Director Mark David Alexander sold 34,587 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $11.12, for a total value of $384,607.44. Following the transaction, the director owned 86,024 shares of the company’s stock, valued at approximately $956,586.88. This represents a 28.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 91,382 shares of company stock valued at $1,003,501 over the last quarter. Corporate insiders own 12.00% of the company’s stock.

About Ladder Capital

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.