HB Wealth Management LLC Decreases Stock Holdings in Ladder Capital Corp $LADR

HB Wealth Management LLC decreased its holdings in Ladder Capital Corp (NYSE:LADR) by 6.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,541 shares of the real estate investment trust’s stock after selling 1,163 shares during the quarter. HB Wealth Management LLC’s holdings in Ladder Capital were worth $178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LADR. GAMMA Investing LLC raised its position in Ladder Capital by 1,364.2% during the first quarter. GAMMA Investing LLC now owns 18,302 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 17,052 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Ladder Capital by 43.3% during the 1st quarter. Farther Finance Advisors LLC now owns 23,290 shares of the real estate investment trust’s stock valued at $266,000 after acquiring an additional 7,035 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Ladder Capital by 17.6% during the 1st quarter. Handelsbanken Fonder AB now owns 38,000 shares of the real estate investment trust’s stock valued at $434,000 after acquiring an additional 5,700 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in Ladder Capital by 11.3% in the 1st quarter. QRG Capital Management Inc. now owns 186,824 shares of the real estate investment trust’s stock valued at $2,132,000 after purchasing an additional 19,004 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Ladder Capital by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,336 shares of the real estate investment trust’s stock valued at $563,000 after purchasing an additional 2,251 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Insider Transactions at Ladder Capital

In other Ladder Capital news, Director Mark David Alexander sold 26,795 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $10.86, for a total value of $290,993.70. Following the sale, the director directly owned 29,229 shares of the company’s stock, valued at approximately $317,426.94. This represents a 47.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 91,382 shares of company stock worth $1,003,501. 12.00% of the stock is owned by corporate insiders.

Ladder Capital Price Performance

Ladder Capital stock opened at $10.50 on Wednesday. The firm has a market cap of $1.34 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 9.50 and a beta of 1.09. Ladder Capital Corp has a 52-week low of $9.68 and a 52-week high of $12.10. The company has a quick ratio of 31.28, a current ratio of 31.28 and a debt-to-equity ratio of 1.86. The company’s 50 day moving average is $11.27 and its two-hundred day moving average is $10.89.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $56.26 million for the quarter, compared to analyst estimates of $58.57 million. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. During the same period in the prior year, the business earned $0.31 EPS. On average, research analysts expect that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 8.8%. Ladder Capital’s dividend payout ratio is 131.43%.

Analysts Set New Price Targets

Several research firms have weighed in on LADR. Wall Street Zen lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Saturday. Keefe, Bruyette & Woods boosted their target price on shares of Ladder Capital from $11.75 to $12.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Zacks Research lowered shares of Ladder Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ladder Capital in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $12.00.

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.