Kestra Advisory Services LLC Acquires 255,164 Shares of Ladder Capital Corp $LADR

Kestra Advisory Services LLC increased its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 473.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 309,011 shares of the real estate investment trust’s stock after acquiring an additional 255,164 shares during the quarter. Kestra Advisory Services LLC’s holdings in Ladder Capital were worth $3,019,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its stake in shares of Ladder Capital by 111.7% during the first quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 11,709 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Ladder Capital during the first quarter worth $209,000. Jane Street Group LLC grew its stake in shares of Ladder Capital by 997.0% in the first quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock worth $2,056,000 after purchasing an additional 163,800 shares during the last quarter. Norges Bank bought a new stake in shares of Ladder Capital in the second quarter worth $1,133,000. Finally, Marshall Wace LLP acquired a new stake in Ladder Capital in the second quarter valued at $183,000. 62.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Ladder Capital Stock Down 1.1%

Ladder Capital stock opened at $10.05 on Friday. The company has a market capitalization of $1.28 billion, a PE ratio of 22.85, a PEG ratio of 0.93 and a beta of 0.95. Ladder Capital Corp has a 12-month low of $9.61 and a 12-month high of $11.92. The firm’s fifty day moving average is $10.07 and its 200 day moving average is $10.31. The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. The business had revenue of $51.88 million during the quarter, compared to analysts’ expectations of $57.03 million. During the same period last year, the company posted $0.20 earnings per share. As a group, sell-side analysts predict that Ladder Capital Corp will post 0.75 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Ladder Capital’s dividend payout ratio is 209.09%.

Insider Activity at Ladder Capital

In other news, insider Robert Perelman sold 17,505 shares of the firm’s stock in a transaction dated 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 directly owned 428,684 shares in the company, valued at $4,394,011. This trade represents a 3.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 12.00% of the stock is currently owned by corporate insiders.

Ladder Capital Company Profile

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.