Denali Advisors LLC Has $3.52 Million Holdings in Ladder Capital Corp $LADR

Denali Advisors LLC decreased its position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 26.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 353,900 shares of the real estate investment trust's stock after selling 128,300 shares during the period. Denali Advisors LLC owned about 0.28% of Ladder Capital worth $3,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of LADR. AQR Capital Management LLC grew its holdings in shares of Ladder Capital by 111.7% during the first quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust's stock worth $253,000 after purchasing an additional 11,709 shares during the last quarter. Caxton Associates LLP bought a new stake in Ladder Capital during the 1st quarter worth about $209,000. Jane Street Group LLC grew its holdings in Ladder Capital by 997.0% during the 1st quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust's stock worth $2,056,000 after acquiring an additional 163,800 shares during the last quarter. Norges Bank acquired a new stake in Ladder Capital in the 2nd quarter valued at about $1,133,000. Finally, Marshall Wace LLP acquired a new stake in Ladder Capital in the 2nd quarter valued at about $183,000. Institutional investors own 62.25% of the company's stock.

Ladder Capital Price Performance

Shares of LADR stock opened at $9.83 on Friday. The stock has a 50-day moving average price of $9.88 and a 200 day moving average price of $10.07. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 1.05 and a beta of 0.95. Ladder Capital Corp has a 12 month low of $9.38 and a 12 month high of $11.92.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.The firm had revenue of $57.76 million during the quarter, compared to analysts' expectations of $56.50 million. During the same period in the previous year, the business posted $0.23 EPS. Research analysts expect that Ladder Capital Corp will post 0.72 EPS for the current year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 9.4%. Ladder Capital's payout ratio is currently 219.05%.

Insider Buying and Selling at Ladder Capital

In related news, insider Robert Perelman sold 17,505 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total transaction of $179,426.25. Following the completion of the sale, the insider directly owned 428,684 shares of the company's stock, valued at $4,394,011. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 12.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ladder Capital in a research note on Friday, August 7th. Keefe, Bruyette & Woods lowered their price target on shares of Ladder Capital from $11.00 to $10.75 and set an "outperform" rating for the company in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of Ladder Capital from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Finally, Bank of America reaffirmed a "neutral" rating and set a $10.25 price objective on shares of Ladder Capital in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $12.36.

About Ladder Capital

Ladder Capital Corp NYSE: LADR is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.

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