First Trust Advisors LP has raised its holdings by 18.3% in Ladder Capital Corp, as revealed through the latest disclosure with the Securities and Exchange Commission on May 26, 2023. The institutional investor now owns an impressive 710,087 shares of Ladder Capital’s stock worth $7,129,000 after acquiring an additional 109,791 shares during the fourth quarter period. First Trust Advisors LP owned a modest percentage of Ladder Capital worth $7,129,000 at the end of the most recent quarter.
Ladder Capital Corp is a commercial real estate finance holding company that provides vital services to businesses ranging from smaller tenants to larger companies to help solve their financing issues effectively. The company operates through four different sectors: Loans, Securities, Real Estate and Corporate and Other. Their loan segment includes both mortgage loan receivables held for sale and those held for investment.
Moreover, recently Ladder Capital Corp declared its quarterly dividend payout on Monday, April 17th which was excellent news for shareholders recorded on Friday March 31st who received a dividend of $0.23 per share established over several years of consistent profitability driven by strong demand for their offerings; hence why investors were looking forward to these positive dividends. The annualized dividend yield was calculated as $0.92 or equivalent to a return rate of almost ten percent (9.79%). Please note that this affects the company’s payout ratio significantly as it is currently hovering around 78.63%.
In conclusion, First Trust Advisors LP’s increased contribution into Ladder Capital establishes their confidence in this company’s ability to consistently grow and generate profits despite market volatility across various portfolios they manage from retail lending deals up until private equity investments scaled purely depending on clients’ financial positions – making them more appealing due to their flexibility-focused approach towards every business they interact with when handling crucial assets like loans or property management alike: something which marks an excellent investment option that investors should consider.
Ladder Capital Corp Attracts Institutional Investors with Impressive Growth
Ladder Capital Corp, a real estate investment trust listed on the New York Stock Exchange (NYSE:LADR), has been attracting considerable attention from large investors. A number of well-established investors have made significant changes to their positions in LADR, reflecting growing interest in this lucrative sector.
One of the major shareholders, EverSource Wealth Advisors LLC, acquired a new position in Ladder Capital during the fourth quarter in 2023. The company invested an impressive $38,000 into the real estate investment trust’s stock. Meanwhile, Spire Wealth Management increased its stake by a staggering 6,424.8% during the same period and now owns over 7,000 shares worth $71,000.
Furthermore, Counterpoint Mutual Funds LLC and Resources Investment Advisors LLC both purchased new positions in Ladder Capital at $102,000 each. Cetera Advisor Networks also joined the bandwagon by buying LADR shares valued at $110,000.
It is undeniable that institutional investors continue to show great interest in the company as they hold over 59% of its outstanding stock.
Although NYSE:LADR opened at $9.40 on Friday, which is lower than its one year high of $12.18 but higher than its one year low of $8.67. The firm boasts a market capitalization of $1.19 billion with debt-to-equity ratio standing at 2.67 making it an attractive option to consider.
Ladder Capital’s price-to-earnings ratio is currently at 8:03 while beta stands at 1:88 indicating that it is capable of adapting well to changing market conditions.
Following recent scrutiny from research analysts regarding Ladders Capital’s share value; notable analysists such as Keefe Bruyette & Woods have dropped their price objective on shares from $13 to $10 citing business concentration risk management could be improved while StockNews.com report on Thursday May 18th marked out Ladder Capital as a ‘buy’ citing great interest in the Real estate investment trusts sector.
In summary, Ladder Capital’s impressive performance and growth in 2023 has caught the attention of major institutional investors. With continued confidence from industry players, it could potentially increase value and provide good returns.
Discussion about this post