Ladder Capital Corp $LADR Shares Sold by Lido Advisors LLC

Lido Advisors LLC lessened its stake in shares of Ladder Capital Corp (NYSE:LADR) by 18.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,294 shares of the real estate investment trust’s stock after selling 62,380 shares during the quarter. Lido Advisors LLC’s holdings in Ladder Capital were worth $2,351,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Ladder Capital by 4.5% in the second quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock worth $30,331,000 after acquiring an additional 129,665 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of Ladder Capital by 473.9% in the first quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust’s stock valued at $3,019,000 after acquiring an additional 255,164 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Ladder Capital by 80.5% during the second quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock valued at $35,623,000 after acquiring an additional 1,596,839 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of Ladder Capital during the second quarter valued at $543,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Ladder Capital during the third quarter valued at $578,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Analyst Ratings Changes

LADR has been the subject of a number of recent research reports. Keefe, Bruyette & Woods dropped their price objective on 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 target price on shares of Ladder Capital in a report on Wednesday, July 29th. 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. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ladder Capital in a report on Monday, October 19th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Ladder Capital has a consensus rating of “Moderate Buy” and a consensus price target of $12.29.

Ladder Capital Trading Down 0.1%

LADR traded down $0.01 during trading on Friday, hitting $8.52. The company’s stock had a trading volume of 2,232,241 shares, compared to its average volume of 2,302,011. The firm’s 50 day moving average price is $9.11 and its 200-day moving average price is $9.85. The company has a debt-to-equity ratio of 2.98, a current ratio of 49.90 and a quick ratio of 49.89. The stock has a market cap of $1.07 billion, a PE ratio of 10.64, a PEG ratio of 0.86 and a beta of 0.96. Ladder Capital Corp has a twelve month low of $8.37 and a twelve month high of $11.48.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Friday, October 16th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping 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 company had revenue of $118.90 million for the quarter, compared to analyst estimates of $79.67 million. During the same quarter in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, analysts expect that Ladder Capital Corp will post 0.82 earnings per share for the current year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.8%. Ladder Capital’s payout ratio is currently 115.00%.

Ladder Capital Profile

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.