Creative Planning boosted its position in shares of Ladder Capital Corp (NYSE:LADR – Free Report) by 75.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,244 shares of the real estate investment trust’s stock after buying an additional 7,863 shares during the period. Creative Planning’s holdings in Ladder Capital were worth $198,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Ladder Capital by 14.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 11,585 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 1,421 shares during the period. Claybrook Capital LLC raised its stake in shares of Ladder Capital by 27.7% in the second quarter. Claybrook Capital LLC now owns 271,781 shares of the real estate investment trust’s stock valued at $2,949,000 after acquiring an additional 58,892 shares during the period. HB Wealth Management LLC grew its stake in shares of Ladder Capital by 8.2% during the second quarter. HB Wealth Management LLC now owns 13,065 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 995 shares during the last quarter. AE Wealth Management LLC bought a new position in shares of Ladder Capital during the second quarter valued at approximately $604,000. Finally, Relative Value Partners Group LLC grew its stake in shares of Ladder Capital by 1.7% during the first quarter. Relative Value Partners Group LLC now owns 689,302 shares of the real estate investment trust’s stock valued at $6,514,000 after buying an additional 11,674 shares during the last quarter. 60.93% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
LADR has been the topic of a number of analyst reports. JMP Securities upped their target price on Ladder Capital from $12.00 to $13.00 in a research note on Thursday, July 27th. BTIG Research lifted their price target on shares of Ladder Capital from $10.00 to $12.50 and gave the company a “buy” rating in a research note on Monday, July 24th. StockNews.com began coverage on Ladder Capital in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Finally, Raymond James lowered Ladder Capital from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from $12.00 to $12.50 in a research note on Thursday, July 27th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Ladder Capital has a consensus rating of “Moderate Buy” and an average price target of $12.00.
Ladder Capital Trading Down 0.7 %
NYSE LADR opened at $9.14 on Thursday. The company has a quick ratio of 89.10, a current ratio of 89.10 and a debt-to-equity ratio of 2.58. The firm has a market cap of $1.16 billion, a PE ratio of 8.16 and a beta of 1.86. The company has a 50 day moving average price of $10.32 and a 200 day moving average price of $10.23. Ladder Capital Corp has a 52 week low of $8.76 and a 52 week high of $11.77.
Ladder Capital Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.92 annualized dividend and a yield of 10.07%. Ladder Capital’s dividend payout ratio (DPR) is 82.14%.
Ladder Capital Profile
Ladder Capital Corp operates as an internally-managed 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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