AE Wealth Management LLC Raises Stake in Ladder Capital Corp (NYSE:LADR)

AE Wealth Management LLC boosted its position in Ladder Capital Corp (NYSE:LADR) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,302 shares of the real estate investment trust’s stock after buying an additional 5,682 shares during the period. AE Wealth Management LLC’s holdings in Ladder Capital were worth $1,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wasatch Advisors Inc. purchased a new position in Ladder Capital during the 2nd quarter valued at about $26,091,000. Nuveen Asset Management LLC raised its holdings in Ladder Capital by 37.5% during the second quarter. Nuveen Asset Management LLC now owns 2,560,083 shares of the real estate investment trust’s stock worth $42,523,000 after purchasing an additional 697,548 shares during the last quarter. BlackRock Inc. raised its holdings in Ladder Capital by 4.1% during the second quarter. BlackRock Inc. now owns 8,895,857 shares of the real estate investment trust’s stock worth $147,761,000 after purchasing an additional 350,022 shares during the last quarter. UBS Group AG raised its holdings in Ladder Capital by 8.8% during the second quarter. UBS Group AG now owns 2,959,648 shares of the real estate investment trust’s stock worth $49,160,000 after purchasing an additional 238,661 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Ladder Capital by 9.1% during the second quarter. Northern Trust Corp now owns 2,262,557 shares of the real estate investment trust’s stock worth $37,582,000 after purchasing an additional 187,810 shares during the last quarter. Hedge funds and other institutional investors own 49.30% of the company’s stock.

Several equities analysts recently issued reports on LADR shares. Zacks Investment Research cut Ladder Capital from a “hold” rating to a “sell” rating in a report on Saturday, October 26th. JPMorgan Chase & Co. reduced their price objective on Ladder Capital from $18.00 to $17.50 and set a “neutral” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Ladder Capital currently has an average rating of “Hold” and a consensus price target of $18.75.

NYSE LADR opened at $17.04 on Friday. Ladder Capital Corp has a fifty-two week low of $14.75 and a fifty-two week high of $18.82. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 8.74 and a beta of 0.97. The business has a fifty day moving average of $17.13 and a 200-day moving average of $16.82. The company has a quick ratio of 62.27, a current ratio of 62.27 and a debt-to-equity ratio of 2.80.

Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). Ladder Capital had a return on equity of 10.57% and a net margin of 22.51%. The company had revenue of $69.05 million during the quarter, compared to analyst estimates of $72.31 million. During the same period last year, the firm earned $0.59 earnings per share. The business’s revenue was down 44.7% compared to the same quarter last year. As a group, analysts anticipate that Ladder Capital Corp will post 1.42 EPS for the current year.

About Ladder Capital

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

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