Private Advisor Group LLC bought a new position in Ladder Capital Corp (NYSE:LADR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,037 shares of the real estate investment trust’s stock, valued at approximately $157,000.
Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. bought a new position in shares of Ladder Capital in the first quarter worth about $130,000. Signition LP bought a new position in shares of Ladder Capital in the first quarter worth about $163,000. Guggenheim Capital LLC bought a new position in shares of Ladder Capital in the first quarter worth about $181,000. SG Americas Securities LLC bought a new position in shares of Ladder Capital in the first quarter worth about $187,000. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Ladder Capital in the second quarter worth about $205,000. 52.61% of the stock is owned by hedge funds and other institutional investors.
Ladder Capital stock opened at $17.18 on Friday. Ladder Capital Corp has a 1 year low of $13.23 and a 1 year high of $17.53. The company has a debt-to-equity ratio of 3.11, a current ratio of 66.13 and a quick ratio of 66.13. The company has a market capitalization of $1.94 billion, a PE ratio of 12.63, a PEG ratio of 2.03 and a beta of 0.97.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be paid a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend is Friday, September 14th. Ladder Capital’s dividend payout ratio is currently 95.59%.
A number of research analysts have recently commented on LADR shares. JPMorgan Chase & Co. increased their target price on shares of Ladder Capital from $15.00 to $17.00 and gave the stock a “$16.11” rating in a report on Monday, July 23rd. B. Riley set a $16.00 target price on shares of Ladder Capital and gave the stock a “buy” rating in a report on Wednesday, May 30th. Deutsche Bank increased their target price on shares of Ladder Capital from $16.50 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Zacks Investment Research raised shares of Ladder Capital from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, July 25th. Finally, ValuEngine raised shares of Ladder Capital from a “hold” rating to a “buy” rating in a report on Thursday, July 5th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Ladder Capital currently has a consensus rating of “Buy” and a consensus price target of $17.38.
Ladder Capital Company Profile
Ladder Capital Corp operates as a real estate investment trust in the United States. The company 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.
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