Ladder Capital Corp (NYSE:LADR) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Ladder Capital Corp (NYSE:LADR) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,020,143 shares of the real estate investment trust’s stock after acquiring an additional 96,573 shares during the period. Principal Financial Group Inc.’s holdings in Ladder Capital were worth $23,434,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LADR. Vanguard Group Inc. raised its stake in shares of Ladder Capital by 0.3% during the first quarter. Vanguard Group Inc. now owns 11,234,757 shares of the real estate investment trust’s stock valued at $125,043,000 after purchasing an additional 28,602 shares in the last quarter. Van ECK Associates Corp raised its position in shares of 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 worth $12,321,000 after buying an additional 266,693 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Ladder Capital by 92.0% in the 2nd quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock worth $8,332,000 after acquiring an additional 353,530 shares during the period. Raymond James & Associates boosted its holdings in shares of Ladder Capital by 1.6% in the second quarter. Raymond James & Associates now owns 545,754 shares of the real estate investment trust’s stock valued at $6,162,000 after acquiring an additional 8,733 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Ladder Capital by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 511,237 shares of the real estate investment trust’s stock valued at $5,772,000 after acquiring an additional 35,639 shares during the period. 62.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ladder Capital news, 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 value of $303,750.00. Following the transaction, the insider now owns 351,453 shares in the company, valued at $4,270,153.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related 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 transaction, the insider now owns 351,453 shares of the company’s stock, valued at approximately $4,270,153.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Pamela Mccormack sold 50,000 shares of Ladder Capital stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the completion of the sale, the president now owns 548,863 shares of the company’s stock, valued at $6,723,571.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LADR shares. BTIG Research reaffirmed a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a research note on Friday, July 19th. B. Riley upped their price target on Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, July 29th. StockNews.com lowered Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Bank of America increased their price target on Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, JMP Securities restated a “market outperform” rating and set a $13.50 price objective on shares of Ladder Capital in a report on Friday, August 30th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Ladder Capital Stock Up 0.5 %

Shares of Ladder Capital stock opened at $11.66 on Thursday. Ladder Capital Corp has a 1 year low of $10.10 and a 1 year high of $12.48. The company has a market cap of $1.49 billion, a P/E ratio of 15.34 and a beta of 1.94. 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 50-day moving average price of $11.56 and a 200 day moving average price of $11.50.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $128.64 million during 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 in the prior year, the firm earned $0.28 earnings per share. As a group, analysts expect that Ladder Capital Corp will post 1 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.23 dividend. 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 dividend payout ratio (DPR) is presently 121.05%.

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.