Aptus Capital Advisors LLC Boosts Stock Holdings in Ladder Capital Corp (NYSE:LADR)

Aptus Capital Advisors LLC raised its position in Ladder Capital Corp (NYSE:LADR - Free Report) by 27.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 376,784 shares of the real estate investment trust's stock after purchasing an additional 81,233 shares during the period. Aptus Capital Advisors LLC owned 0.30% of Ladder Capital worth $4,371,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LADR. MQS Management LLC bought a new position in shares of Ladder Capital in the 2nd quarter worth $128,000. Algert Global LLC purchased a new stake in Ladder Capital during the second quarter valued at about $130,000. SG Americas Securities LLC bought a new stake in Ladder Capital during the first quarter worth about $148,000. TrueMark Investments LLC purchased a new position in shares of Ladder Capital in the 2nd quarter worth about $174,000. Finally, Mount Yale Investment Advisors LLC increased its position in shares of Ladder Capital by 24.2% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust's stock valued at $200,000 after purchasing an additional 3,360 shares during the last quarter. Institutional investors own 62.25% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on Ladder Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 30th. StockNews.com lowered shares of Ladder Capital from a "strong-buy" rating to a "buy" rating in a report on Friday, July 26th. Bank of America boosted their price target on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Monday, July 29th. B. Riley raised their price objective on Ladder Capital from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Finally, JMP Securities reissued a "market outperform" rating and issued a $13.50 target price on shares of Ladder Capital in a research note on Friday, August 30th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.33.

Ladder Capital Stock Up 0.5 %

LADR traded up $0.05 during trading on Wednesday, hitting $11.66. 454,595 shares of the company's stock traded hands, compared to its average volume of 637,741. Ladder Capital Corp has a 12-month low of $10.10 and a 12-month high of $12.48. The company's 50 day simple moving average is $11.56 and its two-hundred day simple moving average is $11.50. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 15.34 and a beta of 1.94.

Ladder Capital (NYSE:LADR - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $128.64 million during the quarter, compared to analyst estimates of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same quarter in the prior year, the firm earned $0.28 EPS. Analysts predict that Ladder Capital Corp will post 1 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date of this dividend was Monday, September 30th. Ladder Capital's dividend payout ratio (DPR) is currently 121.05%.

Insiders Place Their Bets

In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of the stock in a transaction on 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 transaction, the president now owns 548,863 shares in the company, valued at $6,723,571.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, President Pamela Mccormack sold 50,000 shares of the stock in a transaction 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 sale, the president now owns 548,863 shares in the company, valued at approximately $6,723,571.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Perelman sold 25,000 shares of the stock in a transaction on Friday, September 13th. The shares were 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 approximately $4,270,153.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.00% of the company's stock.

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.