Ladder Capital Corp $LADR Shares Bought by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC raised its position in Ladder Capital Corp (NYSE:LADR) by 138.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,933 shares of the real estate investment trust’s stock after buying an additional 5,189 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Ladder Capital were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. KBC Group NV purchased a new position in shares of Ladder Capital during the first quarter worth about $31,000. Versant Capital Management Inc acquired a new stake in Ladder Capital during the 1st quarter worth approximately $38,000. Samalin Investment Counsel LLC purchased a new position in shares of Ladder Capital in the 1st quarter valued at approximately $123,000. Magnetar Financial LLC acquired a new position in shares of Ladder Capital in the first quarter valued at approximately $172,000. Finally, Jump Financial LLC raised its stake in shares of Ladder Capital by 20.4% during the first quarter. Jump Financial LLC now owns 18,063 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 3,063 shares during the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Trading Down 0.2%

NYSE:LADR opened at $11.74 on Wednesday. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.25. The company has a debt-to-equity ratio of 1.86, a quick ratio of 31.28 and a current ratio of 31.28. The stock has a fifty day moving average price of $11.23 and a two-hundred day moving average price of $10.95. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 10.02 and a beta of 1.09.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. The business had revenue of $56.26 million during the quarter, compared to the consensus estimate of $58.57 million. During the same quarter last year, the firm posted $0.31 EPS. As a group, sell-side analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Monday, June 30th. Ladder Capital’s dividend payout ratio (DPR) is presently 131.43%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LADR. Wall Street Zen upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Keefe, Bruyette & Woods lifted their target price on shares of Ladder Capital from $11.75 to $12.00 and gave the company an “outperform” rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Strong Buy” and an average price target of $12.00.

Insider Activity at Ladder Capital

In related news, Director Mark David Alexander sold 26,795 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $10.86, for a total value of $290,993.70. Following the sale, the director owned 29,229 shares in the company, valued at $317,426.94. This represents a 47.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 91,382 shares of company stock worth $1,003,501. 12.00% of the stock is owned by insiders.

Ladder Capital Company 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.