Sterling Capital Management LLC Takes Position in Ladder Capital Corp (LADR)

Sterling Capital Management LLC bought a new stake in Ladder Capital Corp (NYSE:LADR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 69,028 shares of the real estate investment trust’s stock, valued at approximately $1,169,000. Sterling Capital Management LLC owned approximately 0.06% of Ladder Capital at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Ladder Capital by 24.8% during the 2nd quarter. BlackRock Inc. now owns 8,783,634 shares of the real estate investment trust’s stock worth $137,203,000 after acquiring an additional 1,746,882 shares in the last quarter. Advisors Capital Management LLC boosted its stake in shares of Ladder Capital by 30.5% during the 2nd quarter. Advisors Capital Management LLC now owns 1,012,384 shares of the real estate investment trust’s stock worth $15,813,000 after acquiring an additional 236,780 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Ladder Capital by 9.3% during the 2nd quarter. Northern Trust Corp now owns 1,002,486 shares of the real estate investment trust’s stock worth $15,659,000 after acquiring an additional 85,035 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Ladder Capital by 3.3% during the 2nd quarter. Millennium Management LLC now owns 916,751 shares of the real estate investment trust’s stock worth $14,320,000 after acquiring an additional 29,414 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Ladder Capital by 41.5% during the 2nd quarter. Bank of America Corp DE now owns 731,640 shares of the real estate investment trust’s stock worth $11,428,000 after acquiring an additional 214,639 shares in the last quarter. Hedge funds and other institutional investors own 52.67% of the company’s stock.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Ladder Capital from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Thursday, October 25th. B. Riley upped their price target on Ladder Capital from $16.00 to $17.50 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. JMP Securities upped their price target on Ladder Capital from $17.00 to $17.50 and gave the stock a “market outperform” rating in a research note on Monday, August 6th. Deutsche Bank upped their price target on Ladder Capital from $16.50 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on Ladder Capital from $15.00 to $17.00 and gave the stock a “$16.11” rating in a research note on Monday, July 23rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $17.81.

Shares of NYSE:LADR opened at $17.74 on Friday. Ladder Capital Corp has a twelve month low of $13.40 and a twelve month high of $17.79. The company has a market cap of $1.95 billion, a P/E ratio of 13.04 and a beta of 0.86. The company has a quick ratio of 66.13, a current ratio of 74.92 and a debt-to-equity ratio of 3.06.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.18. Ladder Capital had a return on equity of 13.85% and a net margin of 31.29%. The firm had revenue of $135.10 million during the quarter, compared to the consensus estimate of $72.17 million. During the same quarter in the prior year, the company earned $0.35 EPS. On average, equities research analysts forecast that Ladder Capital Corp will post 1.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 24th. Investors of record on Monday, December 10th will be paid a dividend of $0.57 per share. This is an increase from Ladder Capital’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, December 7th. This represents a $2.28 annualized dividend and a yield of 12.85%. Ladder Capital’s dividend payout ratio is presently 95.59%.

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

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