Jane Street Group LLC Buys 1,400,238 Shares of Ladder Capital Corp (NYSE:LADR)

Jane Street Group LLC grew its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 1,089.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,528,802 shares of the real estate investment trust's stock after buying an additional 1,400,238 shares during the period. Jane Street Group LLC owned 1.20% of Ladder Capital worth $17,734,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LADR. Kovitz Investment Group Partners LLC acquired a new stake in Ladder Capital during the 3rd quarter worth approximately $6,907,000. Millennium Management LLC lifted its holdings in Ladder Capital by 92.0% during the 2nd quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust's stock worth $8,332,000 after purchasing an additional 353,530 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Ladder Capital by 32.3% during 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 purchasing an additional 266,693 shares during the last quarter. Stifel Financial Corp raised its holdings in Ladder Capital by 196.3% in the 3rd quarter. Stifel Financial Corp now owns 165,768 shares of the real estate investment trust's stock valued at $1,923,000 after acquiring an additional 109,816 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Ladder Capital by 1.6% in the 3rd quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust's stock valued at $78,505,000 after acquiring an additional 108,079 shares in the last quarter. 62.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the company's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.15, for a total value of $303,750.00. Following the sale, the insider now owns 351,453 shares in the company, valued at approximately $4,270,153.95. The trade was a 6.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 12.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a "market outperform" rating and issued a $13.50 price objective on shares of Ladder Capital in a report on Friday, August 30th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $13.33.

Ladder Capital Price Performance

Shares of LADR traded up $0.03 during midday trading on Wednesday, hitting $11.99. The company's stock had a trading volume of 472,815 shares, compared to its average volume of 631,737. Ladder Capital Corp has a one year low of $10.10 and a one year high of $12.48. The company's fifty day simple moving average is $11.49 and its two-hundred day simple moving average is $11.59. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 15.78 and a beta of 1.93.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The company had revenue of $128.64 million for the quarter, compared to analyst estimates of $60.85 million. During the same quarter last year, the company posted $0.28 EPS. As a group, equities analysts expect that Ladder Capital Corp will post 1.06 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given 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 7.67%. Ladder Capital's dividend payout ratio is currently 121.05%.

Ladder Capital Company 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.