Stifel Financial Corp Has $1.92 Million Holdings in Ladder Capital Corp (NYSE:LADR)

Stifel Financial Corp increased its stake in Ladder Capital Corp (NYSE:LADR - Free Report) by 196.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,768 shares of the real estate investment trust's stock after purchasing an additional 109,816 shares during the quarter. Stifel Financial Corp owned about 0.13% of Ladder Capital worth $1,923,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LADR. Van ECK Associates Corp boosted its stake in Ladder Capital by 32.3% during the second 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. Principal Financial Group Inc. boosted its position in shares of Ladder Capital by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust's stock valued at $23,434,000 after purchasing an additional 96,573 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Ladder Capital by 21.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 264,655 shares of the real estate investment trust's stock worth $3,070,000 after purchasing an additional 47,085 shares during the last quarter. Millennium Management LLC raised its holdings in shares of 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. Finally, SG Americas Securities LLC acquired a new stake in Ladder Capital during the third quarter valued at approximately $295,000. Institutional investors own 62.25% of the company's stock.

Ladder Capital Trading Up 1.9 %

Shares of Ladder Capital stock traded up $0.21 during trading on Friday, hitting $11.41. The stock had a trading volume of 1,367,528 shares, compared to its average volume of 636,583. 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 company has a market capitalization of $1.46 billion, a PE ratio of 15.01 and a beta of 1.93. Ladder Capital Corp has a 1 year low of $10.10 and a 1 year high of $12.48. The stock has a 50 day simple moving average of $11.57 and a 200 day simple moving average of $11.61.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. The firm had revenue of $128.64 million for the quarter, compared to analysts' expectations of $60.85 million. During the same period in the previous year, the company posted $0.28 EPS. On average, research analysts expect that Ladder Capital Corp will post 1.06 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.92 annualized dividend and a yield of 8.06%. Ladder Capital's dividend payout ratio (DPR) is presently 121.05%.

Analysts Set New Price Targets

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