Edgestream Partners L.P. Buys 53,478 Shares of Ladder Capital Corp $LADR

Edgestream Partners L.P. raised its stake in Ladder Capital Corp (NYSE:LADR) by 21.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,558 shares of the real estate investment trust’s stock after buying an additional 53,478 shares during the period. Edgestream Partners L.P.’s holdings in Ladder Capital were worth $3,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Seven Mile Advisory grew its stake in Ladder Capital by 4.0% in the 4th quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 992 shares in the last quarter. Nebula Research & Development LLC raised its stake in shares of Ladder Capital by 3.1% during the second quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 1,008 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Ladder Capital by 2.6% in the first quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 1,026 shares during the period. ProShare Advisors LLC grew its stake in Ladder Capital by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 20,883 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 1,343 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Ladder Capital by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,836 shares of the real estate investment trust’s stock worth $654,000 after purchasing an additional 1,416 shares during the period. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Trading Down 1.6%

LADR opened at $9.54 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 1.02 and a beta of 0.95. The company has a current ratio of 44.15, a quick ratio of 58.90 and a debt-to-equity ratio of 2.81. Ladder Capital Corp has a 12 month low of $9.43 and a 12 month high of $11.92. The stock has a fifty day moving average price of $10.02 and a 200-day moving average price of $10.23.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.The firm had revenue of $57.76 million during the quarter, compared to analysts’ expectations of $56.50 million. During the same period in the prior year, the business posted $0.23 EPS. As a group, equities research analysts anticipate that Ladder Capital Corp will post 0.72 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date was Tuesday, June 30th. Ladder Capital’s dividend payout ratio (DPR) is currently 219.05%.

Insider Buying and Selling at Ladder Capital

In other news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total value of $179,426.25. Following the transaction, the insider owned 428,684 shares of the company’s stock, valued at $4,394,011. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings lowered Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Bank of America restated a “neutral” rating and issued a $10.25 price objective on shares of Ladder Capital in a report on Wednesday. Finally, Keefe, Bruyette & Woods decreased their price objective on Ladder Capital from $11.00 to $10.75 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.36.

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.