Ladder Capital Corp $LADR Position Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Ladder Capital Corp (NYSE:LADRFree Report) by 4.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,323,789 shares of the real estate investment trust’s stock after selling 58,268 shares during the quarter. Principal Financial Group Inc.’s holdings in Ladder Capital were worth $12,933,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LADR. GAMMA Investing LLC grew its holdings in shares of Ladder Capital by 63.8% during the fourth quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 931 shares in the last quarter. Seven Mile Advisory lifted its stake in Ladder Capital by 4.0% in the 4th quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 992 shares in the last quarter. Nebula Research & Development LLC lifted its stake in Ladder Capital by 3.1% in the 2nd quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 1,008 shares in the last quarter. ProShare Advisors LLC boosted its position in Ladder Capital by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 20,883 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 1,343 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Ladder Capital by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,836 shares of the real estate investment trust’s stock worth $654,000 after acquiring an additional 1,416 shares during the period. Institutional investors own 62.25% of the company’s stock.

Analysts Set New Price Targets

LADR has been the topic of several research analyst reports. Wall Street Zen raised Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ladder Capital currently has an average rating of “Moderate Buy” and an average price target of $12.75.

Check Out Our Latest Stock Analysis on LADR

Key Stories Impacting Ladder Capital

Here are the key news stories impacting Ladder Capital this week:

Ladder Capital Trading Up 2.3%

NYSE LADR opened at $9.76 on Friday. Ladder Capital Corp has a 1-year low of $9.43 and a 1-year high of $11.92. The company has a current ratio of 58.90, a quick ratio of 58.90 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $1.24 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 0.88 and a beta of 0.95. The firm’s fifty day simple moving average is $10.04 and its 200-day simple moving average is $10.27.

Ladder Capital (NYSE:LADRGet Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $57.76 million during the quarter, compared to analyst estimates of $56.50 million. Ladder Capital had a return on equity of 5.87% and a net margin of 12.62%.During the same period last year, the company earned $0.23 earnings per share. As a group, sell-side analysts anticipate that Ladder Capital Corp will post 0.75 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.4%. Ladder Capital’s dividend payout ratio (DPR) is 219.05%.

Insider Buying and Selling at Ladder Capital

In other news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction dated Tuesday, June 2nd. The stock was 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 in the company, valued at $4,394,011. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.60% of the stock is owned by company insiders.

About Ladder Capital

(Free Report)

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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Institutional Ownership by Quarter for Ladder Capital (NYSE:LADR)

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