Aptus Capital Advisors LLC Has $7.18 Million Stake in Ladder Capital Corp $LADR

Aptus Capital Advisors LLC lifted its position in shares of Ladder Capital Corp (NYSE:LADR) by 15.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 658,015 shares of the real estate investment trust’s stock after buying an additional 86,916 shares during the quarter. Aptus Capital Advisors LLC owned about 0.52% of Ladder Capital worth $7,179,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Nebula Research & Development LLC lifted its holdings in Ladder Capital by 3.1% in the second quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 1,008 shares during the period. HB Wealth Management LLC grew its holdings in Ladder Capital by 6.5% during the 3rd quarter. HB Wealth Management LLC now owns 17,623 shares of the real estate investment trust’s stock worth $192,000 after acquiring an additional 1,082 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Ladder Capital by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,836 shares of the real estate investment trust’s stock worth $654,000 after acquiring an additional 1,416 shares in the last quarter. Magnetar Financial LLC raised its position in shares of Ladder Capital by 13.3% in the 2nd quarter. Magnetar Financial LLC now owns 17,094 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 2,001 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Ladder Capital by 3.6% in the 2nd quarter. Intech Investment Management LLC now owns 61,798 shares of the real estate investment trust’s stock valued at $664,000 after purchasing an additional 2,131 shares during the period. Institutional investors own 62.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on LADR. Susquehanna set a $13.00 target price on Ladder Capital in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Ladder Capital in a report on Monday, December 29th. Zacks Research lowered Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Capital One Financial set a $13.00 price target on Ladder Capital in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.92.

Ladder Capital Trading Down 1.1%

NYSE LADR opened at $10.26 on Friday. The company has a quick ratio of 29.65, a current ratio of 29.65 and a debt-to-equity ratio of 2.37. Ladder Capital Corp has a 52 week low of $9.68 and a 52 week high of $11.92. The business has a 50 day moving average price of $10.76 and a 200-day moving average price of $10.95. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 0.76 and a beta of 1.00.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s payout ratio is 180.39%.

Ladder Capital Profile

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.