Gi Partners Fund III LP
revealed that they own a 8.9% stake in Ladder Capital Corp (NASDAQ:LADR) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Thursday, October 12th. The investor owns 9,842,190 shares of the stock worth approximately $136,019,066. The reporting parties listed on the disclosure included GI Partners Fund III LP, GI Ladder Holdco, LLC, GI Partners Fund IIIA LP, GI Partners Fund IIIB LP, Gi Gp III LP, GI Holdings III LP and Gi Gp III LLC. The filing is available through the SEC website at this hyperlink.
A number of other institutional investors have also recently bought and sold shares of the stock. WFG Advisors LP increased its holdings in Ladder Capital Corp by 48.7% during the 2nd quarter. WFG Advisors LP now owns 48,443 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 15,855 shares during the period. California State Teachers Retirement System increased its holdings in shares of Ladder Capital Corp by 45.8% in the 2nd quarter. California State Teachers Retirement System now owns 125,052 shares of the real estate investment trust’s stock worth $1,677,000 after buying an additional 39,300 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Ladder Capital Corp by 63.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,860 shares of the real estate investment trust’s stock worth $763,000 after buying an additional 22,123 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Ladder Capital Corp by 111.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 50,056 shares of the real estate investment trust’s stock worth $671,000 after buying an additional 26,398 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Ladder Capital Corp by 50.6% in the 2nd quarter. State Street Corp now owns 1,209,568 shares of the real estate investment trust’s stock worth $16,219,000 after buying an additional 406,141 shares during the last quarter.
Shares of Ladder Capital Corp (NASDAQ:LADR) traded up 0.58% during trading on Thursday, hitting $13.82. 696,587 shares of the stock were exchanged. The stock has a market cap of $1.19 billion and a PE ratio of 12.08. The firm has a 50 day moving average of $13.61 and a 200-day moving average of $13.90. Ladder Capital Corp has a 52-week low of $12.14 and a 52-week high of $15.53.
Ladder Capital Corp (NASDAQ:LADR) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.31 by $0.11. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. The firm had revenue of $52.10 million for the quarter, compared to the consensus estimate of $76.60 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. Equities research analysts anticipate that Ladder Capital Corp will post $1.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 11th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.68%. The ex-dividend date of this dividend was Friday, September 8th.
LADR has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a report on Monday, September 4th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.00 price target on shares of Ladder Capital Corp in a report on Friday, September 22nd. Finally, BidaskClub raised shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Ladder Capital Corp currently has an average rating of “Buy” and an average price target of $15.75.
In other Ladder Capital Corp news, CEO Brian Harris purchased 10,000 shares of Ladder Capital Corp stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average price of $13.41 per share, for a total transaction of $134,100.00. Following the completion of the transaction, the chief executive officer now owns 544,558 shares of the company’s stock, valued at approximately $7,302,522.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ladder Capital Corp Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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