State of New Jersey Common Pension Fund D Buys 17,342 Shares of Ladder Capital Corp $LADR

State of New Jersey Common Pension Fund D increased its stake in shares of Ladder Capital Corp (NYSE:LADR) by 10.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,110 shares of the real estate investment trust’s stock after buying an additional 17,342 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.14% of Ladder Capital worth $1,979,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. KBC Group NV bought a new stake in Ladder Capital during the first quarter worth $31,000. CWM LLC grew its holdings in Ladder Capital by 192.4% during the second quarter. CWM LLC now owns 3,798 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 2,499 shares in the last quarter. Coppell Advisory Solutions LLC grew 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 valued at $102,000 after purchasing an additional 5,189 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in Ladder Capital in the 2nd quarter valued at $108,000. Finally, Samalin Investment Counsel LLC bought a new position in Ladder Capital in the 1st quarter valued at $123,000. Institutional investors own 62.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LADR. Zacks Research downgraded Ladder Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Wall Street Zen downgraded Ladder Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Keefe, Bruyette & Woods upped their price objective on Ladder Capital from $11.75 to $12.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Ladder Capital in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ladder Capital presently has a consensus rating of “Buy” and a consensus target price of $12.00.

Ladder Capital Stock Down 1.3%

LADR stock opened at $10.61 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 31.28 and a current ratio of 35.60. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 8.79 and a beta of 1.09. Ladder Capital Corp has a fifty-two week low of $9.68 and a fifty-two week high of $12.10. The stock has a fifty day moving average of $11.15 and a 200-day moving average of $10.87.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $57.44 million during the quarter, compared to the consensus estimate of $62.90 million. Ladder Capital had a return on equity of 6.70% and a net margin of 19.26%.During the same quarter in the prior year, the company earned $0.30 EPS. As a group, equities research analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 8.7%. Ladder Capital’s dividend payout ratio is presently 146.03%.

Insider Buying and Selling at Ladder Capital

In other news, Director Jeffrey B. Steiner sold 19,481 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $10.89, for a total transaction of $212,148.09. Following the completion of the transaction, the director owned 27,311 shares in the company, valued at approximately $297,416.79. This represents a 41.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.00% of the company’s stock.

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.