Raymond James Financial Inc. Has $7.30 Million Holdings in Ladder Capital Corp $LADR

Raymond James Financial Inc. lessened its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 10.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 639,408 shares of the real estate investment trust's stock after selling 73,851 shares during the quarter. Raymond James Financial Inc. owned approximately 0.50% of Ladder Capital worth $7,296,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. KBC Group NV purchased a new position in Ladder Capital in the first quarter valued at about $31,000. Versant Capital Management Inc purchased a new stake in Ladder Capital in the 1st quarter worth approximately $38,000. GAMMA Investing LLC grew its stake in Ladder Capital by 1,364.2% in the 1st quarter. GAMMA Investing LLC now owns 18,302 shares of the real estate investment trust's stock worth $209,000 after acquiring an additional 17,052 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Ladder Capital in the 4th quarter valued at $216,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Ladder Capital in the 4th quarter valued at $241,000. Institutional investors and hedge funds own 62.25% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on LADR. Keefe, Bruyette & Woods raised their price objective on 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 raised shares of Ladder Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and a consensus price target of $12.00.

Ladder Capital Price Performance

LADR stock traded up $0.03 on Friday, hitting $11.79. 620,517 shares of the company's stock traded hands, compared to its average volume of 465,444. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $12.25. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 10.06 and a beta of 1.09. The stock has a fifty day moving average of $11.19 and a 200-day moving average of $10.94. The company has a current ratio of 31.28, a quick ratio of 31.28 and a debt-to-equity ratio of 1.86.

Ladder Capital (NYSE:LADR - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. The business had revenue of $56.26 million during the quarter, compared to analyst estimates of $58.57 million. During the same period in the prior year, the business earned $0.31 earnings per share. On average, analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Monday, June 30th. Ladder Capital's payout ratio is 131.43%.

Insiders Place Their Bets

In other Ladder Capital news, Director Mark David Alexander sold 34,587 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $11.12, for a total value of $384,607.44. Following the transaction, the director owned 86,024 shares in the company, valued at approximately $956,586.88. This represents a 28.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 91,382 shares of company stock valued at $1,003,501. 12.00% of the stock is currently owned by corporate insiders.

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.