Denali Advisors LLC Buys Shares of 36,600 Ladder Capital Corp (NYSE:LADR)

Denali Advisors LLC purchased a new stake in Ladder Capital Corp (NYSE:LADR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,600 shares of the real estate investment trust’s stock, valued at approximately $413,000.

Several other large investors have also modified their holdings of LADR. SG Americas Securities LLC acquired a new stake in Ladder Capital during the 1st quarter valued at $148,000. HB Wealth Management LLC increased its position in Ladder Capital by 7.1% during the 1st quarter. HB Wealth Management LLC now owns 15,000 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 1,000 shares in the last quarter. TrueMark Investments LLC acquired a new position in Ladder Capital in the 2nd quarter valued at about $174,000. Quest Partners LLC acquired a new stake in shares of Ladder Capital during the 4th quarter worth about $186,000. Finally, ProShare Advisors LLC grew its holdings in shares of 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 in the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ladder Capital

In related news, President Pamela Mccormack sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $612,500.00. Following the transaction, the president now directly owns 548,863 shares of the company’s stock, valued at approximately $6,723,571.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Robert Perelman sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the sale, the insider now directly owns 351,453 shares in the company, valued at $4,270,153.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Pamela Mccormack sold 50,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $12.25, for a total value of $612,500.00. Following the completion of the transaction, the president now directly owns 548,863 shares of the company’s stock, valued at approximately $6,723,571.75. The disclosure for this sale can be found here. Insiders have sold 175,000 shares of company stock valued at $2,133,250 over the last three months. 12.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LADR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. JMP Securities reiterated a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a research note on Friday, August 30th. Wolfe Research initiated coverage on Ladder Capital in a research note on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 price target on the stock. B. Riley upped 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. Finally, StockNews.com lowered shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Ladder Capital Stock Performance

Ladder Capital stock opened at $12.08 on Wednesday. The company has a debt-to-equity ratio of 2.21, a current ratio of 76.87 and a quick ratio of 76.87. Ladder Capital Corp has a 12 month low of $9.08 and a 12 month high of $12.48. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 15.89 and a beta of 1.94. The stock’s 50-day moving average is $11.93 and its 200-day moving average is $11.32.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The firm had revenue of $71.67 million for the quarter, compared to analysts’ expectations of $71.22 million. During the same period in the previous year, the company posted $0.31 earnings per share. Ladder Capital’s revenue was up 13.4% compared to the same quarter last year. Equities analysts anticipate that Ladder Capital Corp will post 1 earnings per share for the current year.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.23 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.92 annualized dividend and a yield of 7.62%. Ladder Capital’s dividend payout ratio is currently 121.05%.

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.