Raymond James & Associates Sells 64,818 Shares of Ladder Capital Corp (NYSE:LADR)

Raymond James & Associates cut its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 480,936 shares of the real estate investment trust's stock after selling 64,818 shares during the period. Raymond James & Associates owned 0.38% of Ladder Capital worth $5,579,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LADR. Jennison Associates LLC lifted its stake in Ladder Capital by 6.7% in the 1st quarter. Jennison Associates LLC now owns 6,328,026 shares of the real estate investment trust's stock worth $70,431,000 after purchasing an additional 397,817 shares in the last quarter. Millennium Management LLC lifted its stake in Ladder Capital by 92.0% in 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 in the last quarter. Van ECK Associates Corp raised its position in shares of 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 valued at $12,321,000 after buying an additional 266,693 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Ladder Capital by 15.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 943,885 shares of the real estate investment trust's stock valued at $10,505,000 after buying an additional 123,920 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Ladder Capital by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,206,155 shares of the real estate investment trust's stock valued at $128,983,000 after buying an additional 81,521 shares in the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Pamela Mccormack sold 50,000 shares of Ladder Capital 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 sale, the president now owns 548,863 shares of the company's stock, valued at approximately $6,723,571.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, President Pamela Mccormack sold 50,000 shares of Ladder Capital 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 transaction, the president now directly owns 548,863 shares of the company's stock, valued at $6,723,571.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert Perelman sold 25,000 shares of Ladder Capital stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the transaction, the insider now directly owns 351,453 shares of the company's stock, valued at approximately $4,270,153.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LADR shares. StockNews.com cut shares of Ladder Capital from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 26th. JMP Securities restated a "market outperform" rating and set a $13.50 price objective on shares of Ladder Capital in a research report on Friday, August 30th. B. Riley raised their price objective on shares of Ladder Capital from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Bank of America increased their target price on shares of Ladder Capital from $11.00 to $13.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Finally, BTIG Research reaffirmed a "buy" rating and set a $13.50 target price on shares of Ladder Capital in a report on Friday, July 19th. 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 MarketBeat.com, Ladder Capital has a consensus rating of "Moderate Buy" and an average price target of $13.33.

Ladder Capital Trading Up 1.1 %

Ladder Capital stock traded up $0.13 during trading hours on Friday, reaching $11.54. The stock had a trading volume of 2,648,789 shares, compared to its average volume of 728,647. The stock has a market cap of $1.47 billion, a PE ratio of 15.18 and a beta of 1.94. Ladder Capital Corp has a 52 week low of $10.10 and a 52 week high of $12.48. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 76.87. The company has a fifty day simple moving average of $11.65 and a 200-day simple moving average of $11.43.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. The business had revenue of $128.64 million for 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 last year, the firm earned $0.28 EPS. Analysts forecast that Ladder Capital Corp will post 1 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date was Monday, September 30th. Ladder Capital's payout ratio is 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.