Victory Capital Management Inc. Purchases 15,938 Shares of Ladder Capital Corp (NYSE:LADR)

Victory Capital Management Inc. grew its position in Ladder Capital Corp (NYSE:LADR) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,640,319 shares of the real estate investment trust’s stock after purchasing an additional 15,938 shares during the quarter. Victory Capital Management Inc.’s holdings in Ladder Capital were worth $19,028,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Aptus Capital Advisors LLC boosted its stake in shares of Ladder Capital by 27.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 376,784 shares of the real estate investment trust’s stock valued at $4,371,000 after purchasing an additional 81,233 shares during the last quarter. Access Investment Management LLC boosted its stake in shares of Ladder Capital by 2.3% in the 3rd quarter. Access Investment Management LLC now owns 282,919 shares of the real estate investment trust’s stock valued at $3,282,000 after purchasing an additional 6,241 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ladder Capital by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after purchasing an additional 96,573 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Ladder Capital by 16.4% in the 3rd quarter. QRG Capital Management Inc. now owns 160,157 shares of the real estate investment trust’s stock valued at $1,858,000 after purchasing an additional 22,559 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its stake in shares of Ladder Capital by 24.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 3,360 shares during the last quarter. 62.25% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Robert Perelman sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 351,453 shares in the company, valued at approximately $4,270,153.95. This trade represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Pamela Mccormack sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $612,500.00. Following the sale, the president now owns 548,863 shares of the company’s stock, valued at $6,723,571.75. This trade represents a 8.35 % decrease in their position. The disclosure for this sale can be found here. 12.00% of the stock is currently owned by corporate insiders.

Ladder Capital Price Performance

Ladder Capital stock opened at $11.65 on Tuesday. Ladder Capital Corp has a 1-year low of $10.10 and a 1-year high of $12.48. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 15.32 and a beta of 1.94. The firm’s fifty day moving average price is $11.54 and its two-hundred day moving average price is $11.52. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $128.64 million for the quarter, compared to analyst estimates of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same period last year, the firm earned $0.28 earnings per share. On average, equities research analysts predict that Ladder Capital Corp will post 1 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 7.90%. Ladder Capital’s dividend payout ratio is currently 121.05%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LADR. Bank of America increased their target price on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. JMP Securities reissued a “market outperform” rating and set a $13.50 target price on shares of Ladder Capital in a research note on Friday, August 30th. 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 lowered shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

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.