Yorktown Management & Research Co Inc Has $3.39 Million Position in Ladder Capital Corp (LADR)
Yorktown Management & Research Co Inc decreased its position in shares of Ladder Capital Corp (NYSE:LADR) by 45.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,000 shares of the real estate investment trust’s stock after selling 170,000 shares during the period. Ladder Capital accounts for 1.0% of Yorktown Management & Research Co Inc’s holdings, making the stock its 14th biggest position. Yorktown Management & Research Co Inc’s holdings in Ladder Capital were worth $3,388,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in Ladder Capital during the second quarter valued at approximately $157,000. Guggenheim Capital LLC purchased a new stake in Ladder Capital during the first quarter valued at approximately $181,000. State Board of Administration of Florida Retirement System purchased a new stake in Ladder Capital during the second quarter valued at approximately $205,000. Assetmark Inc. lifted its position in Ladder Capital by 62.9% during the second quarter. Assetmark Inc. now owns 14,023 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 5,414 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Ladder Capital by 26.3% during the second quarter. Commonwealth Equity Services LLC now owns 19,148 shares of the real estate investment trust’s stock valued at $299,000 after acquiring an additional 3,982 shares during the last quarter. 54.28% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on LADR shares. Deutsche Bank increased their target price on shares of Ladder Capital from $16.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. JMP Securities increased their target price on shares of Ladder Capital from $17.00 to $17.50 and gave the company a “market outperform” rating in a research report on Monday, August 6th. B. Riley set a $18.00 target price on shares of Ladder Capital and gave the company a “buy” rating in a research report on Friday, November 2nd. JPMorgan Chase & Co. increased their target price on shares of Ladder Capital from $15.00 to $17.00 and gave the company a “$16.11” rating in a research report on Monday, July 23rd. Finally, Zacks Investment Research cut shares of Ladder Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Ladder Capital presently has an average rating of “Buy” and a consensus target price of $17.81.
Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.18. The business had revenue of $135.10 million during the quarter, compared to analysts’ expectations of $72.17 million. Ladder Capital had a net margin of 31.29% and a return on equity of 13.85%. During the same quarter last year, the company posted $0.35 earnings per share. As a group, equities analysts anticipate that Ladder Capital Corp will post 1.72 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 24th. Shareholders of record on Monday, December 10th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 13.33%. This is a boost from Ladder Capital’s previous quarterly dividend of $0.33. Ladder Capital’s dividend payout ratio (DPR) is currently 95.59%.
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Ladder Capital Company Profile
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.
Further Reading: Correction
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