QRG Capital Management Inc. Purchases 22,559 Shares of Ladder Capital Corp (NYSE:LADR)

QRG Capital Management Inc. raised its position in shares of Ladder Capital Corp (NYSE:LADR) by 16.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,157 shares of the real estate investment trust’s stock after acquiring an additional 22,559 shares during the period. QRG Capital Management Inc. owned approximately 0.13% of Ladder Capital worth $1,858,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Millennium Management LLC boosted its stake in shares of Ladder Capital by 92.0% in the second quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock valued at $8,332,000 after buying an additional 353,530 shares during the period. Van ECK Associates Corp raised its position in 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 valued at $12,321,000 after purchasing an additional 266,693 shares in the last quarter. Boston Partners acquired a new position in Ladder Capital during the first quarter valued at approximately $787,000. Aptus Capital Advisors LLC raised its position in Ladder Capital by 24.8% during the second quarter. Aptus Capital Advisors LLC now owns 295,551 shares of the real estate investment trust’s stock valued at $3,337,000 after purchasing an additional 58,725 shares in the last quarter. Finally, Axecap Investments LLC acquired a new position in Ladder Capital during the third quarter valued at approximately $438,000. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Trading Up 0.3 %

NYSE:LADR opened at $11.66 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 15.34 and a beta of 1.94. Ladder Capital Corp has a 52 week low of $10.10 and a 52 week high of $12.48. The firm has a 50-day moving average price of $11.60 and a two-hundred day moving average price of $11.47.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $60.85 million. During the same quarter last year, the business posted $0.28 EPS. On average, equities analysts expect that Ladder Capital Corp will post 1 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently announced 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date was Monday, September 30th. Ladder Capital’s payout ratio is 121.05%.

Insider Activity

In other news, President Pamela Mccormack sold 50,000 shares of Ladder Capital stock in a transaction dated Friday, August 30th. The shares were 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 approximately $6,723,571.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, President Pamela Mccormack sold 50,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Perelman sold 25,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.15, for a total transaction of $303,750.00. Following the sale, the insider now directly owns 351,453 shares in the company, valued at $4,270,153.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com downgraded shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Bank of America upped 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. BTIG Research reiterated a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a report on Friday, July 19th. B. Riley upped their price target on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods upped 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 research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.