Aptus Capital Advisors LLC Buys 81,233 Shares of Ladder Capital Corp (NYSE:LADR)

Aptus Capital Advisors LLC increased its stake in shares of Ladder Capital Corp (NYSE:LADR) by 27.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 376,784 shares of the real estate investment trust’s stock after acquiring an additional 81,233 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Ladder Capital were worth $4,371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LADR. Millennium Management LLC boosted its position in shares of Ladder Capital by 92.0% during the second quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock worth $8,332,000 after acquiring an additional 353,530 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Ladder Capital by 32.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock worth $12,321,000 after buying an additional 266,693 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Ladder Capital by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after buying an additional 96,573 shares in the last quarter. Boston Partners purchased a new position in shares of Ladder Capital in the 1st quarter worth $787,000. Finally, Axecap Investments LLC purchased a new position in shares of Ladder Capital in the 3rd quarter worth $438,000. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Trading Down 2.8 %

Shares of LADR opened at $11.60 on Wednesday. Ladder Capital Corp has a 1-year low of $10.10 and a 1-year high of $12.48. The company has a 50-day moving average of $11.56 and a 200 day moving average of $11.50. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 15.26 and a beta of 1.94. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. The company had revenue of $128.64 million during the quarter, compared to analyst estimates of $60.85 million. During the same quarter last year, the business posted $0.28 EPS. On average, research analysts expect that Ladder Capital Corp will post 1 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 7.93%. Ladder Capital’s payout ratio is 121.05%.

Insider Activity at Ladder Capital

In other news, insider Robert Perelman sold 25,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the sale, the insider now owns 351,453 shares in the company, valued at approximately $4,270,153.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Robert Perelman sold 25,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the sale, the insider now owns 351,453 shares in the company, valued at approximately $4,270,153.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Pamela Mccormack sold 50,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the completion of the sale, the president now owns 548,863 shares of the company’s stock, valued at approximately $6,723,571.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $13.50 price objective on shares of Ladder Capital in a research note on Friday, August 30th. B. Riley lifted their price objective on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. BTIG Research reissued a “buy” rating and issued a $13.50 price objective on shares of Ladder Capital in a research note on Friday, July 19th. StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Finally, Bank of America raised their target price on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ladder Capital has a consensus rating of “Moderate Buy” and an average target price of $13.33.

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.