Waterloo Capital L.P. Acquires 28,168 Shares of Ladder Capital Corp $LADR

Waterloo Capital L.P. boosted its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 12.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,310 shares of the real estate investment trust's stock after buying an additional 28,168 shares during the period. Waterloo Capital L.P. owned approximately 0.20% of Ladder Capital worth $2,734,000 as of its most recent filing with the Securities and Exchange Commission.

• Ladder Corporation: Climbing Higher And Paying 9% Yield

A number of other hedge funds and other institutional investors have also bought and sold shares of LADR. Rhumbline Advisers boosted its holdings in shares of Ladder Capital by 2.7% in the second quarter. Rhumbline Advisers now owns 180,849 shares of the real estate investment trust's stock worth $1,944,000 after acquiring an additional 4,785 shares during the period. Magnetar Financial LLC lifted its holdings in Ladder Capital by 13.3% during the 2nd quarter. Magnetar Financial LLC now owns 17,094 shares of the real estate investment trust's stock worth $184,000 after purchasing an additional 2,001 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Ladder Capital by 3.6% during the 2nd quarter. Intech Investment Management LLC now owns 61,798 shares of the real estate investment trust's stock worth $664,000 after purchasing an additional 2,131 shares in the last quarter. Advisors Capital Management LLC grew its holdings in Ladder Capital by 2.3% during the 2nd quarter. Advisors Capital Management LLC now owns 180,830 shares of the real estate investment trust's stock valued at $1,944,000 after buying an additional 4,142 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Ladder Capital by 0.8% during the second quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust's stock valued at $28,771,000 after buying an additional 20,022 shares during the period. Institutional investors own 62.25% of the company's stock.

Insider Activity

In other news, Director Jeffrey B. Steiner sold 19,481 shares of the company's stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $10.89, for a total value of $212,148.09. Following the completion of the transaction, the director directly owned 27,311 shares in the company, valued at approximately $297,416.79. This represents a 41.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.00% of the company's stock.

Ladder Capital Trading Up 2.2%

Shares of Ladder Capital stock opened at $10.68 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 35.60 and a quick ratio of 35.60. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.10. The firm has a market cap of $1.36 billion, a PE ratio of 16.94, a PEG ratio of 8.74 and a beta of 1.11. The company has a 50 day simple moving average of $10.81 and a two-hundred day simple moving average of $10.91.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Ladder Capital had a net margin of 19.26% and a return on equity of 6.70%. The firm had revenue of $57.44 million for the quarter, compared to analysts' expectations of $62.90 million. During the same quarter last year, the company posted $0.30 EPS. Analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 8.6%. Ladder Capital's payout ratio is 146.03%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen cut shares of Ladder Capital from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Ladder Capital in a report on Wednesday. Finally, Zacks Research cut shares of Ladder Capital from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $12.00.

View Our Latest Stock Analysis on Ladder Capital

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.

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