Penserra Capital Management LLC Has $1.03 Million Holdings in Ladder Capital Corp (NYSE:LADR)

Penserra Capital Management LLC lifted its stake in Ladder Capital Corp (NYSE:LADR) by 23.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,717 shares of the real estate investment trust’s stock after acquiring an additional 16,585 shares during the period. Penserra Capital Management LLC owned approximately 0.07% of Ladder Capital worth $1,029,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LADR. Millennium Management LLC grew its position in Ladder Capital by 92.0% in the 2nd quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock worth $8,332,000 after purchasing an additional 353,530 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Ladder Capital by 32.3% in the second quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock valued at $12,321,000 after buying an additional 266,693 shares during the period. Jennison Associates LLC grew its position in Ladder Capital by 1.6% during the third quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust’s stock worth $78,505,000 after buying an additional 108,079 shares in the last quarter. Principal Financial Group Inc. increased its stake in Ladder Capital by 5.0% during the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after acquiring an additional 96,573 shares during the period. Finally, Aptus Capital Advisors LLC raised its holdings in Ladder Capital by 27.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 376,784 shares of the real estate investment trust’s stock valued at $4,371,000 after acquiring an additional 81,233 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.

Insider Transactions at Ladder Capital

In other news, President Pamela Mccormack sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the transaction, the president now directly owns 548,863 shares in the company, valued at approximately $6,723,571.75. This represents a 8.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Perelman sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the sale, the insider now directly owns 351,453 shares of the company’s stock, valued at approximately $4,270,153.95. This represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. 12.00% of the stock is owned by company insiders.

Ladder Capital Stock Performance

Shares of NYSE:LADR opened at $11.87 on Wednesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. The business’s fifty day moving average price is $11.50 and its two-hundred day moving average price is $11.54. Ladder Capital Corp has a fifty-two week low of $10.10 and a fifty-two week high of $12.48. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.61 and a beta of 1.94.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $128.64 million during the quarter, compared to analysts’ expectations of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same quarter last year, the company posted $0.28 EPS. As a group, analysts predict that Ladder Capital Corp will post 1 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date was Monday, September 30th. Ladder Capital’s dividend payout ratio (DPR) is currently 121.05%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. JMP Securities reissued a “market outperform” rating and issued a $13.50 price target on shares of Ladder Capital in a report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.33.

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.