Ladder Capital Corp $LADR Shares Newly Acquired by Riverbridge Partners LLC

Riverbridge Partners LLC acquired a new position in Ladder Capital Corp (NYSE:LADR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 156,430 shares of the real estate investment trust’s stock, valued at approximately $1,366,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Ladder Capital by 80.5% during the 2nd quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock worth $35,623,000 after purchasing an additional 1,596,839 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Ladder Capital by 473.9% in the 1st quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust’s stock valued at $3,019,000 after purchasing an additional 255,164 shares during the last quarter. State Street Corp boosted its stake in shares of Ladder Capital by 4.5% in the 2nd quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock valued at $30,331,000 after purchasing an additional 129,665 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Ladder Capital by 10.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,027,255 shares of the real estate investment trust’s stock valued at $10,221,000 after purchasing an additional 97,147 shares during the last quarter. Finally, Access Investment Management LLC grew its position in shares of Ladder Capital by 18.3% during the 3rd quarter. Access Investment Management LLC now owns 571,897 shares of the real estate investment trust’s stock worth $4,993,000 after buying an additional 88,451 shares during the period. 62.25% of the stock is owned by institutional investors.

Ladder Capital Stock Down 1.6%

Shares of Ladder Capital stock opened at $8.70 on Thursday. The company has a quick ratio of 49.89, a current ratio of 49.90 and a debt-to-equity ratio of 2.98. Ladder Capital Corp has a 12 month low of $8.48 and a 12 month high of $11.48. The business has a fifty day simple moving average of $9.16 and a 200 day simple moving average of $9.88. The stock has a market cap of $1.10 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.89 and a beta of 0.96.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Friday, October 16th. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Ladder Capital had a return on equity of 6.98% and a net margin of 23.70%. The business had revenue of $118.90 million during the quarter, compared to the consensus estimate of $79.67 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. Research analysts predict that Ladder Capital Corp will post 0.82 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 10.6%. The ex-dividend date was Wednesday, September 30th. Ladder Capital’s payout ratio is presently 115.00%.

Analyst Ratings Changes

Several brokerages have recently commented on LADR. Keefe, Bruyette & Woods lowered their price target on shares of Ladder Capital from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Friday, October 9th. Zacks Research upgraded shares of Ladder Capital from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Bank of America restated a “neutral” rating and issued a $10.25 price objective on shares of Ladder Capital in a report on Wednesday, July 29th. B. Riley Financial reaffirmed a “buy” rating on shares of Ladder Capital in a research note on Monday, October 19th. Finally, Weiss Ratings raised shares of Ladder Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, October 27th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.29.

About Ladder Capital

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust. It originates and invests in loans and other assets tied to commercial properties, with a focus on first mortgage loans secured by real estate. The company also invests in commercial mortgage-backed securities and U.S. government securities, and owns commercial real estate. Its lending and investment activities span property types and markets across the United States. Founded in 2008, Ladder Capital is headquartered in New York.