Barclays PLC Has $2.38 Million Stock Position in Ladder Capital Corp (NYSE:LADR)

Barclays PLC boosted its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 28.3% in the third quarter, HoldingsChannel reports. The fund owned 205,403 shares of the real estate investment trust’s stock after buying an additional 45,294 shares during the quarter. Barclays PLC’s holdings in Ladder Capital were worth $2,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jane Street Group LLC boosted its holdings in shares of Ladder Capital by 1,089.1% during the third quarter. Jane Street Group LLC now owns 1,528,802 shares of the real estate investment trust’s stock worth $17,734,000 after purchasing an additional 1,400,238 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in Ladder Capital in the 3rd quarter worth approximately $6,907,000. Millennium Management LLC grew its holdings in shares of Ladder Capital by 92.0% during the 2nd quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock valued at $8,332,000 after acquiring an additional 353,530 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Ladder Capital by 32.3% in the second quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock worth $12,321,000 after acquiring an additional 266,693 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Ladder Capital by 196.3% during the third quarter. Stifel Financial Corp now owns 165,768 shares of the real estate investment trust’s stock worth $1,923,000 after acquiring an additional 109,816 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities restated a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a research note on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Ladder Capital Trading Up 1.4 %

Ladder Capital stock opened at $11.45 on Thursday. Ladder Capital Corp has a one year low of $10.10 and a one year high of $12.48. The company’s fifty day moving average price is $11.58 and its two-hundred day moving average price is $11.63. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.07 and a beta of 1.93. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44.

Ladder Capital (NYSE:LADR) last issued 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 business had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. During the same period last year, the business earned $0.28 EPS. On average, analysts forecast that Ladder Capital Corp will post 1.06 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.03%. The ex-dividend date is Tuesday, December 31st. Ladder Capital’s dividend payout ratio is currently 121.05%.

Ladder Capital 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.