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

State of New Jersey Common Pension Fund D lowered its position in shares of Ladder Capital Corp (NYSE:LADR) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 163,797 shares of the real estate investment trust’s stock after selling 15,257 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Ladder Capital were worth $1,900,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Creative Planning boosted its holdings in shares of Ladder Capital by 2.5% in the 3rd quarter. Creative Planning now owns 37,302 shares of the real estate investment trust’s stock valued at $433,000 after purchasing an additional 909 shares during the last quarter. Access Investment Management LLC boosted its holdings in shares of Ladder Capital by 0.5% in the 2nd quarter. Access Investment Management LLC now owns 276,678 shares of the real estate investment trust’s stock valued at $3,124,000 after purchasing an additional 1,355 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Ladder Capital by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 1,602 shares during the last quarter. Capital Square LLC boosted its holdings in shares of Ladder Capital by 2.5% in the 2nd quarter. Capital Square LLC now owns 74,509 shares of the real estate investment trust’s stock valued at $903,000 after purchasing an additional 1,804 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Ladder Capital by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,772 shares of the real estate investment trust’s stock valued at $686,000 after purchasing an additional 2,573 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Stock Performance

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 market capitalization of $1.49 billion, a price-to-earnings ratio of 15.32 and a beta of 1.94. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. The firm’s fifty day moving average price is $11.54 and its 200 day moving average price is $11.51.

Ladder Capital (NYSE:LADR) last released 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. The firm had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same quarter in the previous year, the firm posted $0.28 EPS. On average, research analysts forecast that Ladder Capital Corp will post 1 EPS for the current fiscal year.

Ladder Capital Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. B. Riley raised their target price on shares of Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, July 29th. JMP Securities reissued a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a research note on Friday, August 30th. Bank of America raised their target price on shares of Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods raised their target price on shares of Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Finally, StockNews.com downgraded shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Insider Transactions at Ladder Capital

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 value of $612,500.00. Following the completion of the transaction, the president now directly owns 548,863 shares of the company’s stock, valued at approximately $6,723,571.75. The trade was a 8.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Perelman sold 25,000 shares of Ladder Capital 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 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 ownership of the stock. The disclosure for this sale can be found here. 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.