Ladder Capital Corp (NYSE:LADR) Shares Bought by Jane Street Group LLC

Jane Street Group LLC grew its stake in shares of Ladder Capital Corp (NYSE:LADR) by 1,089.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,528,802 shares of the real estate investment trust’s stock after acquiring an additional 1,400,238 shares during the period. Jane Street Group LLC owned about 1.20% of Ladder Capital worth $17,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its position in shares of Ladder Capital by 32.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock worth $12,321,000 after purchasing an additional 266,693 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Ladder Capital during the 3rd quarter worth approximately $6,907,000. Principal Financial Group Inc. raised its position in shares of Ladder Capital by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after purchasing an additional 96,573 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Ladder Capital by 12.8% during the 1st quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 3,161 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Ladder Capital by 92.0% during the 2nd quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock worth $8,332,000 after purchasing an additional 353,530 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Robert Perelman sold 25,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the sale, the insider now directly owns 351,453 shares of the company’s stock, valued at $4,270,153.95. The trade was a 6.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and set a $13.50 price objective on shares of Ladder Capital in a research report on Friday, August 30th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Ladder Capital has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Ladder Capital Trading Up 0.1 %

Shares of LADR opened at $11.98 on Wednesday. The stock has a fifty day moving average of $11.49 and a two-hundred day moving average of $11.59. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. The company has a market capitalization of $1.53 billion, a PE ratio of 15.76 and a beta of 1.93. Ladder Capital Corp has a fifty-two week low of $10.10 and a fifty-two week high of $12.48.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $128.64 million during the quarter, compared to the consensus estimate of $60.85 million. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. During the same period in the previous year, the firm posted $0.28 EPS. As a group, analysts forecast that Ladder Capital Corp will post 1.06 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 7.68%. Ladder Capital’s dividend payout ratio is presently 121.05%.

Ladder Capital 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.