Denali Advisors LLC Boosts Stock Holdings in Ladder Capital Corp $LADR

Key Points

• Denali Advisors LLC increased its ownership in Ladder Capital Corp (LADR) by 48.0% in Q2, acquiring an additional 79,743 shares, bringing its total to 245,824 shares valued at approximately $2.64 million.
• Ladder Capital reported earnings of $0.23 per share for the last quarter, beating analysts' expectations, but had a revenue of $56.26 million, slightly below the forecast.
• The company declared a quarterly dividend of $0.23 per share with an annualized yield of 8.4%, although its payout ratio is notably high at 131.43%.

Denali Advisors LLC raised its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 48.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 245,824 shares of the real estate investment trust's stock after purchasing an additional 79,743 shares during the period. Denali Advisors LLC owned 0.19% of Ladder Capital worth $2,643,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. KBC Group NV bought a new position in shares of Ladder Capital in the first quarter valued at approximately $31,000. CWM LLC lifted its stake in Ladder Capital by 192.4% in the 2nd quarter. CWM LLC now owns 3,798 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 2,499 shares in the last quarter. Coppell Advisory Solutions LLC lifted its stake in Ladder Capital by 138.6% in the 1st quarter. Coppell Advisory Solutions LLC now owns 8,933 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 5,189 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Ladder Capital in the 2nd quarter worth approximately $108,000. Finally, Samalin Investment Counsel LLC purchased a new stake in Ladder Capital in the 1st quarter worth approximately $123,000. Hedge funds and other institutional investors own 62.25% of the company's stock.

Insider Buying and Selling at Ladder Capital

In related news, Director Mark David Alexander sold 26,795 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $10.86, for a total transaction of $290,993.70. Following the completion of the sale, the director directly owned 29,229 shares in the company, valued at $317,426.94. This represents a 47.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 91,382 shares of company stock valued at $1,003,501. Insiders own 12.00% of the company's stock.

Ladder Capital Trading Up 0.8%

Shares of LADR opened at $10.90 on Wednesday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 9.91 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a quick ratio of 31.28 and a current ratio of 31.28. Ladder Capital Corp has a fifty-two week low of $9.68 and a fifty-two week high of $12.10. The firm has a 50 day moving average price of $11.20 and a 200-day moving average price of $10.84.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The firm had revenue of $56.26 million during the quarter, compared to analyst estimates of $58.57 million. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. During the same period in the previous year, the business posted $0.31 EPS. As a group, equities research analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Tuesday, September 30th. Ladder Capital's payout ratio is presently 131.43%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LADR shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Ladder Capital in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of Ladder Capital from $11.75 to $12.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Wall Street Zen lowered shares of Ladder Capital from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. Finally, Zacks Research lowered shares of Ladder Capital from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Ladder Capital has an average rating of "Buy" and an average price target of $12.00.

About Ladder Capital

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.

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