Aptus Capital Advisors LLC Has $7.18 Million Stock Position in Ladder Capital Corp $LADR

Aptus Capital Advisors LLC increased its holdings in Ladder Capital Corp (NYSE:LADR) by 15.2% during the third quarter, HoldingsChannel reports. The fund owned 658,015 shares of the real estate investment trust’s stock after acquiring an additional 86,916 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Ladder Capital were worth $7,179,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in Ladder Capital by 3.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,800,065 shares of the real estate investment trust’s stock worth $30,549,000 after purchasing an additional 96,813 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Ladder Capital by 18.4% in the third quarter. Handelsbanken Fonder AB now owns 45,000 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 7,000 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in shares of Ladder Capital by 1.3% in the third quarter. Advisors Capital Management LLC now owns 183,100 shares of the real estate investment trust’s stock valued at $1,998,000 after purchasing an additional 2,270 shares in the last quarter. Denali Advisors LLC boosted its position in shares of Ladder Capital by 99.6% during the third quarter. Denali Advisors LLC now owns 490,600 shares of the real estate investment trust’s stock valued at $5,352,000 after buying an additional 244,776 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Ladder Capital by 3.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 190,597 shares of the real estate investment trust’s stock valued at $2,079,000 after buying an additional 6,487 shares during the last quarter. Institutional investors own 62.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LADR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Ladder Capital in a research report on Monday, December 29th. BTIG Research reaffirmed a “buy” rating and set a $13.50 price objective on shares of Ladder Capital in a report on Monday, February 2nd. Wall Street Zen lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Zacks Research downgraded shares of Ladder Capital from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Finally, B. Riley Financial initiated coverage on shares of Ladder Capital in a research report on Monday, January 5th. They set a “buy” rating and a $13.00 price target on the stock. Four investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.92.

Ladder Capital Price Performance

Shares of NYSE LADR opened at $10.26 on Friday. The company has a current ratio of 29.65, a quick ratio of 29.65 and a debt-to-equity ratio of 2.37. The stock has a fifty day simple moving average of $10.76 and a two-hundred day simple moving average of $10.95. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $11.92. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00.

Ladder Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 9.0%. Ladder Capital’s dividend payout ratio is presently 180.39%.

About Ladder Capital

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.