Prudential Financial Inc. increased its stake in shares of Ladder Capital Corp (NYSE:LADR) by 150.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 677,531 shares of the real estate investment trust’s stock after acquiring an additional 407,530 shares during the period. Prudential Financial Inc. owned about 0.79% of Ladder Capital Corp worth $9,336,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Ladder Capital Corp by 14.3% during the second quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock worth $76,459,000 after acquiring an additional 712,583 shares during the period. Balyasny Asset Management LLC acquired a new stake in Ladder Capital Corp during the second quarter worth about $4,188,000. Martingale Asset Management L P grew its holdings in Ladder Capital Corp by 22.1% during the second quarter. Martingale Asset Management L P now owns 128,901 shares of the real estate investment trust’s stock worth $1,729,000 after acquiring an additional 23,300 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Ladder Capital Corp by 112.2% during the second quarter. UBS Asset Management Americas Inc. now owns 28,007 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 14,811 shares during the period. Finally, WFG Advisors LP grew its holdings in Ladder Capital Corp by 48.7% during the second quarter. WFG Advisors LP now owns 48,443 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 15,855 shares during the period. 46.11% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Ladder Capital Corp (NYSE LADR) traded up $0.14 during mid-day trading on Friday, reaching $13.87. The company’s stock had a trading volume of 583,400 shares, compared to its average volume of 538,278. The stock has a market capitalization of $1,536.06, a P/E ratio of 10.12, a P/E/G ratio of 2.12 and a beta of 1.04. The company has a quick ratio of 77.86, a current ratio of 77.86 and a debt-to-equity ratio of 2.86. Ladder Capital Corp has a 52 week low of $12.82 and a 52 week high of $15.53.

Ladder Capital Corp (NYSE:LADR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $69.30 million for the quarter, compared to the consensus estimate of $59.05 million. Ladder Capital Corp had a return on equity of 9.78% and a net margin of 27.38%. During the same quarter in the prior year, the business posted $0.40 earnings per share. equities research analysts anticipate that Ladder Capital Corp will post 1.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 11th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $1.26 dividend on an annualized basis and a yield of 9.08%. This is an increase from Ladder Capital Corp’s previous quarterly dividend of $0.30. Ladder Capital Corp’s dividend payout ratio is currently 98.36%.

A number of brokerages have issued reports on LADR. B. Riley reiterated a “buy” rating on shares of Ladder Capital Corp in a research report on Friday, November 3rd. Zacks Investment Research upgraded Ladder Capital Corp from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Thursday, September 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 price target on shares of Ladder Capital Corp in a research report on Friday, August 18th. Finally, BidaskClub upgraded Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.17.

In other Ladder Capital Corp news, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $13.55, for a total transaction of $27,100,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.50% of the company’s stock.

About Ladder Capital Corp

Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).

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

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