FJ Capital Management LLC bought a new stake in Ladder Capital Corp (NYSE:LADR – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 66,561 shares of the real estate investment trust’s stock, valued at approximately $732,000.
Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in Ladder Capital by 63.8% in the 4th 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 during the last quarter. Capital Square LLC boosted its stake in Ladder Capital by 1.2% in the 3rd quarter. Capital Square LLC now owns 80,894 shares of the real estate investment trust’s stock worth $883,000 after purchasing an additional 986 shares during the period. Nebula Research & Development LLC raised its position in shares of Ladder Capital by 3.1% in the second quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock worth $364,000 after buying an additional 1,008 shares in the last quarter. ProShare Advisors LLC lifted its position in Ladder Capital by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 20,883 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 1,343 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Ladder Capital by 2.4% in 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 purchasing an additional 1,416 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on LADR. Keefe, Bruyette & Woods dropped their price target on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research lowered Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Finally, Weiss Ratings downgraded Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.75.
Insiders Place Their Bets
In other news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total value of $179,426.25. Following the completion of the sale, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.00% of the company’s stock.
Ladder Capital Stock Performance
Shares of Ladder Capital stock opened at $10.14 on Friday. The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79. The firm has a market cap of $1.29 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 0.90 and a beta of 0.95. Ladder Capital Corp has a 52 week low of $9.61 and a 52 week high of $11.92. The business’s fifty day simple moving average is $10.14 and its 200-day simple moving average is $10.51.
Ladder Capital (NYSE:LADR – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.The firm had revenue of $51.88 million for the quarter, compared to the consensus estimate of $57.03 million. During the same quarter in the previous year, the business earned $0.20 EPS. Equities analysts forecast that Ladder Capital Corp will post 0.78 earnings per share for the current year.
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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