Ladder Capital Corp $LADR Holdings Cut by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in Ladder Capital Corp (NYSE:LADRFree Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,323,789 shares of the real estate investment trust’s stock after selling 58,268 shares during the period. Principal Financial Group Inc. owned 1.04% of Ladder Capital worth $12,933,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Ladder Capital by 63.8% in the fourth quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 931 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of Ladder Capital by 500.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 2,500 shares in the last quarter. CENTRAL TRUST Co bought a new stake in shares of Ladder Capital during the first quarter valued at about $33,000. Allworth Financial LP raised its stake in shares of Ladder Capital by 128.6% during the third quarter. Allworth Financial LP now owns 5,179 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 2,913 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new stake in Ladder Capital in the first quarter worth about $92,000. 62.25% of the stock is owned by institutional investors.

More Ladder Capital News

Here are the key news stories impacting Ladder Capital this week:

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Wall Street Zen upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings lowered shares of Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.75.

Check Out Our Latest Stock Analysis on LADR

Ladder Capital Stock Up 2.3%

Shares of LADR stock opened at $9.76 on Friday. Ladder Capital Corp has a 1 year low of $9.43 and a 1 year high of $11.92. The stock has a market cap of $1.24 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 0.88 and a beta of 0.95. The business’s fifty day moving average is $10.04 and its 200-day moving average is $10.27. The company has a debt-to-equity ratio of 2.79, a quick ratio of 58.90 and a current ratio of 58.90.

Ladder Capital (NYSE:LADRGet Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $57.76 million for the quarter, compared to the consensus estimate of $56.50 million. Ladder Capital had a return on equity of 5.87% and a net margin of 12.62%.During the same quarter in the previous year, the business earned $0.23 EPS. Equities analysts expect that Ladder Capital Corp will post 0.75 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Ladder Capital’s payout ratio is presently 219.05%.

Insider Buying and Selling

In other Ladder Capital news, insider Robert Perelman sold 17,505 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total value of $179,426.25. Following the sale, the insider directly owned 428,684 shares in the company, valued at approximately $4,394,011. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.60% of the company’s stock.

Ladder Capital Profile

(Free Report)

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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Institutional Ownership by Quarter for Ladder Capital (NYSE:LADR)

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