Aviso Wealth Management Lowers Holdings in Ladder Capital Corp (NYSE:LADR)

Aviso Wealth Management lowered its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,653 shares of the real estate investment trust’s stock after selling 5,810 shares during the quarter. Ladder Capital makes up 0.9% of Aviso Wealth Management’s portfolio, making the stock its 24th biggest holding. Aviso Wealth Management owned approximately 0.11% of Ladder Capital worth $1,577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in Ladder Capital by 15.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 943,885 shares of the real estate investment trust’s stock worth $10,505,000 after purchasing an additional 123,920 shares in the last quarter. Boston Partners bought a new position in Ladder Capital during the first quarter valued at approximately $787,000. Van ECK Associates Corp grew its holdings in Ladder Capital by 32.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock valued at $12,321,000 after buying an additional 266,693 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Ladder Capital by 16.7% during the 4th quarter. Wellington Management Group LLP now owns 2,051,999 shares of the real estate investment trust’s stock worth $23,619,000 after acquiring an additional 293,615 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Ladder Capital during the 4th quarter valued at approximately $8,923,000. Institutional investors own 62.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LADR shares. B. Riley boosted their price target on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Wolfe Research assumed coverage on shares of Ladder Capital in a research report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 target price on the stock. BTIG Research reiterated a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a research report on Friday, July 19th. Keefe, Bruyette & Woods upped their price objective on Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Finally, Bank of America lifted their target price on Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Ladder Capital Trading Down 0.1 %

LADR opened at $11.88 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 76.87 and a current ratio of 76.87. The stock’s 50 day moving average price is $11.95 and its 200-day moving average price is $11.38. Ladder Capital Corp has a one year low of $9.08 and a one year high of $12.48. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 15.63 and a beta of 1.94.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. The company had revenue of $71.67 million for the quarter, compared to the consensus estimate of $71.22 million. Ladder Capital had a return on equity of 9.17% and a net margin of 19.07%. Ladder Capital’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. On average, equities analysts forecast that Ladder Capital Corp will post 1 EPS for the current year.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 7.74%. Ladder Capital’s payout ratio is 121.05%.

Insider Buying and Selling at Ladder Capital

In other news, President Pamela Mccormack sold 100,000 shares of Ladder Capital stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $12.17, for a total transaction of $1,217,000.00. Following the completion of the sale, the president now owns 598,863 shares of the company’s stock, valued at $7,288,162.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the 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 transaction, the insider now directly owns 351,453 shares in the company, valued at approximately $4,270,153.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Pamela Mccormack sold 100,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $12.17, for a total transaction of $1,217,000.00. Following the completion of the sale, the president now owns 598,863 shares of the company’s stock, valued at approximately $7,288,162.71. The disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock valued at $2,133,250 in the last three months. Company insiders own 12.00% of the company’s stock.

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.