Morey & Quinn Wealth Partners LLC Sells 960 Shares of Ladder Capital Corp $LADR

Morey & Quinn Wealth Partners LLC decreased its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 4.8% during the second quarter, HoldingsChannel reports. The fund owned 19,199 shares of the real estate investment trust’s stock after selling 960 shares during the quarter. Morey & Quinn Wealth Partners LLC’s holdings in Ladder Capital were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp grew its position in Ladder Capital by 7.6% in the first quarter. Mackenzie Financial Corp now owns 20,785 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 1,473 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Ladder Capital by 2.9% during the first quarter. Nisa Investment Advisors LLC now owns 61,118 shares of the real estate investment trust’s stock valued at $712,000 after buying an additional 1,741 shares during the period. Aviso Wealth Management boosted its position in Ladder Capital by 1.4% during the first quarter. Aviso Wealth Management now owns 128,485 shares of the real estate investment trust’s stock valued at $1,466,000 after buying an additional 1,812 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Ladder Capital by 4.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 49,336 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 2,251 shares during the period. Finally, KBC Group NV purchased a new stake in Ladder Capital during the first quarter valued at about $31,000. Institutional investors own 62.25% of the company’s stock.

Insider Transactions at Ladder Capital

In related news, Director Mark David Alexander sold 34,587 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $11.12, for a total value of $384,607.44. Following the completion of the transaction, the director directly owned 86,024 shares of the company’s stock, valued at $956,586.88. This represents a 28.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 91,382 shares of company stock valued at $1,003,501 over the last ninety days. 12.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on LADR shares. Weiss Ratings restated a “buy (b-)” rating on shares of Ladder Capital in a research report on Wednesday. Wall Street Zen lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Zacks Research lowered shares of Ladder Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Ladder Capital from $11.75 to $12.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $12.00.

Ladder Capital Stock Performance

Ladder Capital stock opened at $10.59 on Thursday. The company has a current ratio of 31.28, a quick ratio of 31.28 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average of $11.26 and a 200-day moving average of $10.89. The firm has a market cap of $1.35 billion, a P/E ratio of 15.13, a P/E/G ratio of 9.61 and a beta of 1.09. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $12.10.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $56.26 million during the quarter, compared to analyst estimates of $58.57 million. Ladder Capital had a net margin of 20.05% and a return on equity of 7.07%. During the same period in the prior year, the business posted $0.31 earnings per share. Sell-side analysts expect that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Ladder Capital’s dividend payout ratio is presently 131.43%.

Ladder Capital 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.