Geode Capital Management LLC Buys 20,022 Shares of Ladder Capital Corp $LADR

Geode Capital Management LLC grew its stake in shares of Ladder Capital Corp (NYSE:LADR) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,676,157 shares of the real estate investment trust’s stock after acquiring an additional 20,022 shares during the period. Geode Capital Management LLC owned 2.10% of Ladder Capital worth $28,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LADR. LPL Financial LLC grew its holdings in Ladder Capital by 46.1% in the 1st quarter. LPL Financial LLC now owns 283,407 shares of the real estate investment trust’s stock valued at $3,234,000 after buying an additional 89,413 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Ladder Capital by 13.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 438,549 shares of the real estate investment trust’s stock valued at $4,714,000 after acquiring an additional 52,010 shares during the period. Vanguard Group Inc. grew its stake in shares of Ladder Capital by 0.4% in the first quarter. Vanguard Group Inc. now owns 11,367,771 shares of the real estate investment trust’s stock valued at $129,706,000 after acquiring an additional 42,255 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Ladder Capital in the first quarter valued at about $821,000. Finally, Cubist Systematic Strategies LLC bought a new position in Ladder Capital during the first quarter worth about $1,218,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Analyst Ratings Changes

LADR has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Ladder Capital in a research report on Tuesday. Zacks Research downgraded Ladder Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Wall Street Zen lowered Ladder Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Ladder Capital Stock Performance

NYSE LADR opened at $11.20 on Friday. The firm’s 50 day simple moving average is $10.78 and its 200 day simple moving average is $10.93. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 9.06 and a beta of 1.11. The company has a current ratio of 35.60, a quick ratio of 35.60 and a debt-to-equity ratio of 2.01. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.10.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $57.44 million during the quarter, compared to the consensus estimate of $62.90 million. Ladder Capital had a net margin of 19.26% and a return on equity of 6.70%. During the same period in the previous year, the business earned $0.30 earnings per share. As a group, research analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 8.2%. Ladder Capital’s dividend payout ratio (DPR) is 146.03%.

Insider Transactions at Ladder Capital

In other Ladder Capital news, Director Jeffrey B. Steiner sold 19,481 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $10.89, for a total transaction of $212,148.09. Following the completion of the transaction, the director owned 27,311 shares of the company’s stock, valued at approximately $297,416.79. The trade was a 41.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.00% of the stock is currently owned by corporate insiders.

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.