Aptus Capital Advisors LLC Has $3.34 Million Holdings in Ladder Capital Corp (NYSE:LADR)

Aptus Capital Advisors LLC lifted its stake in Ladder Capital Corp (NYSE:LADR) by 24.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 295,551 shares of the real estate investment trust’s stock after buying an additional 58,725 shares during the period. Aptus Capital Advisors LLC owned about 0.23% of Ladder Capital worth $3,337,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Van ECK Associates Corp raised its holdings in shares of Ladder Capital by 32.3% in 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 buying an additional 266,693 shares in the last quarter. TrueMark Investments LLC acquired a new position in shares of Ladder Capital in the 2nd quarter worth approximately $174,000. Access Investment Management LLC increased its holdings in Ladder Capital by 0.5% during the 2nd quarter. Access Investment Management LLC now owns 276,678 shares of the real estate investment trust’s stock valued at $3,124,000 after purchasing an additional 1,355 shares in the last quarter. Bailard Inc. increased its holdings in Ladder Capital by 82.3% during the 2nd quarter. Bailard Inc. now owns 33,000 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 14,900 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Ladder Capital by 7.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 511,237 shares of the real estate investment trust’s stock valued at $5,772,000 after purchasing an additional 35,639 shares in the last quarter. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Trading Up 1.4 %

Shares of NYSE:LADR traded up $0.17 during midday trading on Friday, hitting $12.36. The company had a trading volume of 990,613 shares, compared to its average volume of 475,349. Ladder Capital Corp has a 12 month low of $9.08 and a 12 month high of $12.48. The company has a current ratio of 76.87, a quick ratio of 76.87 and a debt-to-equity ratio of 2.21. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 16.26 and a beta of 1.94. The firm has a fifty day simple moving average of $11.73 and a 200 day simple moving average of $11.19.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $71.67 million for the quarter, compared to analyst estimates of $71.22 million. Ladder Capital had a return on equity of 9.17% and a net margin of 19.07%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. On average, analysts predict that Ladder Capital Corp will post 1 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.23 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.44%. Ladder Capital’s dividend payout ratio (DPR) is 121.05%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LADR shares. StockNews.com cut Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. BTIG Research reaffirmed a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a report on Friday, July 19th. Bank of America raised their price target on Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Wolfe Research initiated coverage on Ladder Capital in a research note on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 target price for the company. Finally, B. Riley lifted their target price on Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13.33.

Insider Activity

In other news, President Pamela Mccormack sold 50,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $12.25, for a total value of $612,500.00. Following the sale, the president now directly owns 548,863 shares in the company, valued at $6,723,571.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 12.00% of the company’s stock.

About Ladder Capital

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.