Morey & Quinn Wealth Partners LLC Has $206,000 Stake in Ladder Capital Corp $LADR

Morey & Quinn Wealth Partners LLC lowered its stake in shares of Ladder Capital Corp (NYSE:LADR) by 4.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 19,199 shares of the real estate investment trust’s stock after selling 960 shares during the period. Morey & Quinn Wealth Partners LLC’s holdings in Ladder Capital were worth $206,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Ladder Capital by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 11,367,771 shares of the real estate investment trust’s stock valued at $129,706,000 after purchasing an additional 42,255 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Ladder Capital by 2.8% during the 1st quarter. Jennison Associates LLC now owns 6,955,381 shares of the real estate investment trust’s stock worth $79,361,000 after buying an additional 190,867 shares in the last quarter. Nuveen LLC bought a new position in shares of Ladder Capital during the 1st quarter worth approximately $22,261,000. Victory Capital Management Inc. lifted its position in shares of Ladder Capital by 3.2% during the 1st quarter. Victory Capital Management Inc. now owns 1,734,479 shares of the real estate investment trust’s stock worth $19,790,000 after buying an additional 54,465 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Ladder Capital by 3.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 662,075 shares of the real estate investment trust’s stock worth $7,554,000 after buying an additional 24,701 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Trading Up 1.0%

NYSE:LADR opened at $10.59 on Thursday. The company has a current ratio of 31.28, a quick ratio of 31.28 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $1.35 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 9.61 and a beta of 1.09. The firm’s 50 day moving average is $11.26 and its 200 day moving average is $10.89. Ladder Capital Corp has a 12 month low of $9.68 and a 12 month high of $12.10.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $56.26 million for the quarter, compared to analysts’ expectations of $58.57 million. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. During the same quarter in the previous year, the firm posted $0.31 EPS. Sell-side analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Ladder Capital’s payout ratio is 131.43%.

Insider Transactions at Ladder Capital

In other Ladder Capital news, Director Mark David Alexander sold 26,795 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $10.86, for a total transaction of $290,993.70. Following the sale, the director owned 29,229 shares of the company’s stock, valued at $317,426.94. The trade was a 47.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 91,382 shares of company stock worth $1,003,501. Insiders own 12.00% of the company’s stock.

Analyst Upgrades and Downgrades

LADR has been the topic of several recent analyst reports. Wall Street Zen cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Zacks Research cut shares of Ladder Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods lifted their target price on shares of Ladder Capital from $11.75 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Ladder Capital in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $12.00.

Ladder Capital Company Profile

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.