Ladder Capital Corp (NYSE:LADR) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in Ladder Capital Corp (NYSE:LADR) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,797 shares of the real estate investment trust’s stock after selling 15,257 shares during the period. State of New Jersey Common Pension Fund D owned 0.13% of Ladder Capital worth $1,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Boston Partners acquired a new position in Ladder Capital in the first quarter valued at $787,000. Van ECK Associates Corp boosted its stake in shares of Ladder Capital by 32.3% during the second quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock worth $12,321,000 after buying an additional 266,693 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Ladder Capital by 5.0% during the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after buying an additional 96,573 shares during the period. Cetera Advisors LLC boosted its stake in shares of 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 worth $311,000 after buying an additional 3,161 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Ladder Capital by 92.0% during the second quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock worth $8,332,000 after buying an additional 353,530 shares during the period. Institutional investors and hedge funds own 62.25% of the company’s stock.

Insider Transactions at Ladder Capital

In other news, insider Robert Perelman sold 25,000 shares of the firm’s 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 directly owns 351,453 shares of the company’s stock, valued at $4,270,153.95. This trade represents a 6.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Pamela Mccormack sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $612,500.00. Following the transaction, the president now directly owns 548,863 shares of the company’s stock, valued at approximately $6,723,571.75. This trade represents a 8.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.00% of the company’s stock.

Analyst Upgrades and Downgrades

LADR has been the subject of several recent research reports. B. Riley increased 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 downgraded shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. JMP Securities reissued a “market outperform” rating and set a $13.50 price target on shares of Ladder Capital in a report on Friday, August 30th. Bank of America increased their price target on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Ladder Capital has a consensus rating of “Moderate Buy” and an average target price of $13.33.

Ladder Capital Trading Down 0.5 %

Shares of Ladder Capital stock opened at $11.64 on Monday. Ladder Capital Corp has a 12-month low of $10.10 and a 12-month 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 cap of $1.49 billion, a PE ratio of 15.32 and a beta of 1.94. The company has a 50-day moving average of $11.54 and a two-hundred day moving average of $11.51.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (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 during the quarter, compared to analysts’ expectations of $60.85 million. During the same period last year, the company posted $0.28 earnings per share. On average, research analysts anticipate that Ladder Capital Corp will post 1 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend yield of 7.90%. Ladder Capital’s dividend payout ratio (DPR) is 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.