Ladder Capital Corp (NYSE:LADR) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 11.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 961,470 shares of the real estate investment trust's stock after selling 129,818 shares during the period. Van ECK Associates Corp owned about 0.76% of Ladder Capital worth $10,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LADR. Boston Partners purchased a new position in Ladder Capital during the first quarter worth approximately $787,000. Cetera Advisors LLC lifted its holdings in Ladder Capital by 12.8% during the first quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust's stock valued at $311,000 after purchasing an additional 3,161 shares in the last quarter. Millennium Management LLC grew its position in shares of Ladder Capital by 92.0% in the second quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust's stock valued at $8,332,000 after purchasing an additional 353,530 shares during the period. SG Americas Securities LLC acquired a new position in shares of Ladder Capital during the 3rd quarter worth about $295,000. Finally, BNP Paribas Financial Markets lifted its stake in Ladder Capital by 57.3% in the 1st quarter. BNP Paribas Financial Markets now owns 55,555 shares of the real estate investment trust's stock valued at $618,000 after buying an additional 20,242 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company's stock.

Wall Street Analysts Forecast Growth

LADR has been the topic of several research reports. Bank of America raised their target price on Ladder Capital from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. BTIG Research reissued a "buy" rating and issued a $13.50 price target on shares of Ladder Capital in a research note on Friday, July 19th. B. Riley raised their target price 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. StockNews.com lowered Ladder Capital from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.33.

Insiders Place Their Bets

In related news, President Pamela Mccormack sold 50,000 shares of the company's stock in a transaction that occurred 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 sale, the president now directly owns 548,863 shares in the company, valued at approximately $6,723,571.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $12.25, for a total value of $612,500.00. Following the transaction, the president now directly owns 548,863 shares in the company, valued at $6,723,571.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Perelman sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 351,453 shares in the company, valued at $4,270,153.95. This 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.

Ladder Capital Trading Up 0.3 %

NYSE LADR traded up $0.04 during trading hours on Thursday, reaching $11.67. The company had a trading volume of 221,343 shares, compared to its average volume of 638,420. The stock has a 50-day moving average of $11.61 and a 200 day moving average of $11.47. Ladder Capital Corp has a 1-year low of $10.10 and a 1-year high of $12.48. 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 P/E ratio of 15.30 and a beta of 1.94.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS 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 for the quarter, compared to analysts' expectations of $60.85 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. As a group, research analysts anticipate that Ladder Capital Corp will post 1 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 7.88%. Ladder Capital's dividend payout ratio (DPR) is presently 121.05%.

Ladder Capital 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.