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Ladder Capital Corp

Ladder Capital Corp (LADR)

11.765
0.155
( 1.34% )
Updated: 12:42:08

Professional-Grade Tools, for Individual Investors.

LADR News

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LADR Discussion

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Toofuzzy Toofuzzy 4 years ago
I hope so. Don't know how long that will take though.

Toofuzzy
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nadodude nadodude 4 years ago
All aboard going to $15
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ClayTrader ClayTrader 5 years ago
* * $LADR Video Chart 04-07-2020 * *

Link to Video - click here to watch the technical chart video

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CWO CWO 5 years ago
All I know is that was a sweet deal and it paid off. Hope it goes up even more next week. It’s still at a good price. 3 mos from now it will be minimum 4x the price it is now imo.
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Toofuzzy Toofuzzy 5 years ago
I don't know whether this is at a 90% discount and I should buy more, or just cry.

Toofuzzy
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CWO CWO 5 years ago
Shoot bail! Lol
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CWO CWO 5 years ago
This is rock bottom so now let’s watch her go back up 20% by closing and make some $$$
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CWO CWO 5 years ago
Sweet price!!
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ClayTrader ClayTrader 5 years ago
* * $LADR Video Chart 03-26-2020 * *

Link to Video - click here to watch the technical chart video

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pete807 pete807 7 years ago
REITs are not in favor with interest rates expected to rise and tax changes for much of the country involving high tax states. RE values are lower with those new non-deductible taxes figured into value.
LADR had challenges to its share price 6 months ago even before the law so I was glad to take gains off the table.

Bought LADR for 11.15 in January of 2016 and sold in June 2017 for $14. Some where around 40-50% with dividend and appreciation.. not bad, but even better stories were ahead. Collected decent yield while in it, was even gifted some shares, but moved on to our better growth energy stocks. All is good.

Sold my other leveraged REIT too, ahead of new law and it is still a nickel below that Oct 26, transaction.

Currently the energy boom is on! US moving toward net exporter in the next couple years...
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jugs jugs 7 years ago
Exactly six months ago I liquidated my LADR position at an average price of $13.97. And now I find it's positioned about a half dollar beneath my sell point. I find this terribly unworthy of an investment, certainly for me.

Including distributions I don't think I gained much more than the value of the distributions themselves plus a couple of dollars per share in appreciation.

The trader side of me can't quite accept a limiting distribution as the sole profit-maker. Discounting the three IRA's I manage for my wife and me---accounts deliberately conservative for obvious reasons, my primary account is a general account. This account generated a 56% gain for all of 2017. Even including the year's results of those IRAs, my overall gain comes to 36.5%. LADR, then, would be enriching me by less than a quarter of even my IRA production gains! That's deplorable!

My cost basis in LADR had been $11.39. The close of today now stands about $2 above that. The only good thing in this is the 9.3% dividend aspect.

That's an awfully low-pitched standard. After all, I'm in a number of other plays with superior distribution bases yet the real gain lies in the compression factor in that the other picks are all showing massive upside, already accumulated and showing no relaxation. Thus it is that I continue beefing up positions.

LADR may become a good play for those more prepared to submit to a passive role in terms of income foraging but it's not for me as I crave more impressive results. After all, I have to live on my results.

]Still, I wish everybody a great year while hoping LADR prospers and finds itself able to increase quarterly payments.
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pete807 pete807 7 years ago
Still below value waiting on tax ramifications. Out for now.
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jugs jugs 7 years ago
LADR raising the distribution to 31.5¢ represents a penny and a half/unit. Let's think in broader terms:

For every thousand dollars you put into LADR units, your additional return comes to $1.095.

Two items bother me with this:

Your money MUST stay in place to receive the distribution. Quarter to quarter is three months to three months. That's a major concession for me---being told I can't redeploy my money when I can always find ways to make more than that? Doing exactly what I love?

Distributions are nice for someone counting on passive returns. They're good for the person who believes himself incapable of steering his own ship. For a self-starter, it's anathema as it totally rules out possibilities of generating outlandish returns.

I know people who routinely make a lot of money via capital appreciation, distributions being no more than icing on the cake. In the last few weeks, I, myself, have generated a 17% return YTD in my portfolio. This does not include distributions.

I'll take my chances on creating wealth any day over setting for an allowance thrown off by those managing a company. Leaders often overpay themselves and we retail folks have virtually nothing to say about it. Yet we pay the bill when a salary is concerned.
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pete807 pete807 7 years ago
LADR raised the dividend to .31.5 from .30.
Maybe it will deserve another look.
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pete807 pete807 7 years ago
Just checking in here. LADR has continued to pay good dividend and will gain back lost value when issues of taxation and real estate exchanges are settled with the new administration, imo.
GLTA!
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pete807 pete807 7 years ago
LADR rose 3% but remains below the $14 mark... and book value. The question of the future of 1031 exchanges remains a concern.
I think the company is doing fine but the overhang of legislation that could effect the stock remains.
I am on the sidelines watching the sputtering Congress. The only thing they are getting done is collecting lobby cash while blocking the agenda which most Americans want to get done. JMO.
-pete
https://seekingalpha.com/news/3285438-ladder-capital-gains-nearly-3-percent-cruising-estimates?uprof=46#email_link
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pete807 pete807 7 years ago
I am out for now and watching for the resolution of the issue, if it comes, by Congress on stopping 1031 exchanges. I expect LADR to rise again.
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Toofuzzy Toofuzzy 7 years ago
HI Jugs

I always want to own LARGE CAP, SMALL CAP, FOREIGN. REIT I own as an individual stock. I want to own and increase my cash to take advantage of the next crash and have money to live on without selling stock funds.

I also own a BIOTECHNOLOGY fund, an OIL company fund, and BANKING.

I own indivividual stocks for copper, silver, and a few others I would like to sell.

I also own AMZA, BDCL, REM, LADR, CEFL in a Heath Savings Account. It is thru these funds that I know you.

How much I own of each is determined by their price action, selling for gains and buying gradually as they go down.

Toofuzzy
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jugs jugs 7 years ago
You're making sense on almost everything although I must say I cringe at the "funds forever" comment. I've married picks, too, and have regretted it more times than I'd like to admit.

Even ALDW and NGL are somewhat "shallow"plays in that I will sell most of ALDW around the turn of the year is my goals price to have been realistic. NGL is possibly destined to be a longer hold as I'm certain 2018 is going to be the year of emergence.

In general, though, I want my picks to reach specific goal-point valuations. If they sputter longer term I won't hold them hoping for recovery. I'm not a nurse. lol
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Toofuzzy Toofuzzy 7 years ago
HI Jugs

If there is news that sinks a security it is too late to get out anyway. I own a company that had bad earnings and dived so I just bought more, luckily it recovered.

I sold SOME LADR luckily just before the drop at the end of the year. I now have some cash available if it goes lower.

If I own something g that keeps going up I always have shares to take advantage tag of it but have also raised the cash to buy more if it pulls back.

But mostly I scale in and out of funds I want to own forever.

Toofuzzy
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jugs jugs 7 years ago
I get it. My main beef with systems is that they don't factor in unusual circumstances. Because I move strongly into a limited number of picks, I've got to remain open to the unusual, be they surprises or defeats.

Friday of next week, ALDW will provide guidance for the past quarter. They'll be disclosing the quarterly distribution as well. With 25,000 units in hand, a surprise to the upside could be very meaningful for me whereas a downer could easily sink me to the tune of $100K or even worse.

The odds are to my liking as I'm used to the situation and I enjoy the responsibility of staying on top of things daily. I wouldn't invest if I had to subscribe to safety measures limiting my opportunities to make a killing. I've had enough killings to play the game of "Look, ma, no hands!"

Good luck to you, too.
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Toofuzzy Toofuzzy 7 years ago
HI Jugs

There needs to be a 30% move from low to high or high to low to trade 5%.


For a trade in the same direction of 5% it needs to move another 5%

Also in general I start wit 50% in cash so I can buy more on the way down and it is impossible to run out of shares to sell but you keep building cash for the next downturn.

All this is safer with funds that can't go bankrupt because they are not one company.

But whatever floats your boat.

Toofuzzy
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jugs jugs 7 years ago
You're apparently using a preplanned system based on laws of probability. We all do it, of course, whether we refer to it as instinctive calls, technical analysis or just plain old common sense along with a bit of luck.

I steer clear of formulaic systems as they disallow the unusual stuff that can't always be factored into new paradigms. In your scenario, for example, there's a top of $16.17 and a bottom of $10.78. Your top is defined by a 37% up-spread while the bottom is 50%

That's too broad a spread for some folks, especially if working with many thousands of shares. What I'm seeing is a tilt towards selling when there's a swing higher by about a third. Multiply that sell signal by ten thousand shares and we could find ourselves having to absorb a lot of money. And it limits the upside, too, as I see it. One of my picks is CEQP. My cost basis is $7.03 and the stock is at $24.60. Had I used just about any system, I'd have left most of the gains on the table. Not good.

I find nothing wrong with the system, as it were. The limiting of extreme potentials at either end of the profit/loss spectrum has me thinking this might be more useful for an investor more concerned with risk than I am.

I'm 77 years old, a cancer survivor, financially secure, as healthy as could be and very happy in general. I bring myself to the dance every day of my life.

But I have incorporated systems before and at times they helped me find my wheels beneath me. And then there's those times when I felt the imperative to sell strong picks such as LADR, knowing full well I was going to have to face certain consequences as my plan was to put the redeemed funds into less secure plays. Luck has favored me as both ALDW and NGL have moved strongly in my favor.

Thanks for the conversation. And I will explore the AIM users board---thanks for that, too!
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Toofuzzy Toofuzzy 7 years ago
HI Jugs

I bought 300 shares @$11.62

Then sold 45 shares on 12/6/16 @ $15.40

It has to drop 30% from $15.40 for me to buy or go up 5% above 15.40 for me to sell more.

Check out the AIM users board to learn about the system I use.

Toofuzzy
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jugs jugs 7 years ago
Help me understand something here:

If $16 is at the top end of your hold zone, that suggests your cost basis must be around $14. Is that the case?
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jugs jugs 7 years ago
Emotion doesn't come into things for me either when it comes to investing. I don't have to like a stock although there are some picks I dislike because they pursue goals I refuse to support. I never own those.

I won't own a tobacco company, for example.
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Toofuzzy Toofuzzy 7 years ago
HI Jugs

I have a very mechanical unemotional investing method. If it drops enough I will buy more.

12 to 16 is my hold zone right now.

If I buy, the hold zone goes down and if I sell the hold zone goes up.

Toofuzzy
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jugs jugs 7 years ago
You came out in great shape! I hope you put your seed capital and gains to good use.

Great trades are fun.
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Toofuzzy Toofuzzy 7 years ago
HI Jugs

I did it sell out but I sold between 15 and 20 % of my shares in December before the drol.

Toofuzzy
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jugs jugs 7 years ago
Looking up the numbers this morning I find I sold out of LADR at $14, give or take a few pennies mostly to the upside. I'm not about to gloat over the dollar I saved myself but I am glad I was able to put the LADR cash into ALDW and NGL.

I see a period of pricing instability here in LADR Land. I look forward to reinitiating a position but the time is not right, for me, at any rate.

I wish all others good fortune here, regardless.
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Toofuzzy Toofuzzy 7 years ago
Jugs

Thanks

Toofuzzy
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jugs jugs 7 years ago
That's about what I was thinking also. However, I did sell a few hundred of LADR so I could mount a more serious campaign as I added to NGL stores. Never thought I'd get some at $11.90 although I'd place the order for the units late in the morning.

Now sitting on 12,500 units of NGL with a cost basis of $13.72. I'm not happy wit the loss on the books but I figure I'm really well positioned for the coming year.

What an incredible ride this has been of late! Who'da thunk such?
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pete807 pete807 7 years ago
I am going to sit on the sidelines and see what transpires with the legislation. There is plenty of time before the next payday in September....
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jugs jugs 7 years ago
I am able to bring the news up after all:


1031 exchanges on chopping block?
Jun. 13, 2017 12:47 PM ET|By: Stephen Alpher, SA News Editor
Commercial real estate players must not be keeping up with their political donations? As a way to "pay" for possible tax cuts, lobbyists say Congress might be eyeing full elimination of the popular 1031 exchange program, which allows deferral of capital gains taxes on certain property sales.
These "like-kind" exchanges are used in 10%-20% of commercial real estate transactions, according to Green Street Advisers. The elimination would devastate a sizable cottage industry of businesses whose sole purpose is to facilitate these deals. Also hurt would be those that rely on transaction volume - Walker & Dunlop (NYSE:WD), HFF (NYSE:HF), Ladder Capital (NYSE:LADR), and Marcus & Millichap (NYSE:MMI) come to mind; not to mention municipalities who reap transfer taxes when properties are bought and sold
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jugs jugs 7 years ago
I could try but it would be better were you to go to Seeking Alpha directly. Just type in the ticker symbol and the info should come right up. Also, Pete807, your moderator here, brought the new to my attention. That's a good thing as I'd earlier simply glossed over the SA item, myself.

I'm betting petet807 will chime in on this news soon.
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Toofuzzy Toofuzzy 7 years ago
Jugs

Can you explain the legislation and inpact.

Toofuzzy
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jugs jugs 7 years ago
With a substantial profit in this pick of ours, I'm wondering how investors are feeling about the longer term benefits of holding fast to our LADR positions? There are legislative moves afoot sure to impact negatively on this particular holding as presented by SA. It is apparent to me that there'll be no remorse shown by vultures moving for a quick exit.

This legislation, if enacted, extinguishes any possible confidence a shareholder might feel when it comes to DCF and consequent yield driven consideration thanks to coverage.

Your thoughts, shareholders?
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lloyd Banks lloyd Banks 7 years ago
Yup....and the stock is cheap...and they have floating rate debt which works well in high interest rate environments..
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pete807 pete807 8 years ago
The dividend is safe and the 8.5% yield is attractive.
https://seekingalpha.com/article/4073119-looking-dividend-fatter-try-ladder?auth_param=i4ud:1chj2is:5f06b2fe6b93ce827ae4d173b4e0a294&uprof=46

-pete
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gjervis gjervis 8 years ago
i got my shares dripped to me today. keep on Drip'n with this one.
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pete807 pete807 8 years ago
Schwab takes an extra day to post it to the account but today the $500+ shows. :o)
It could be one of the safest plays in the market, imo. Holding the extra dry powder at the moment. I have some RE remodel expenses to cover. Holding 1910 shares here after adding last month. May be able to capture some more later this year.
GLTA!
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gjervis gjervis 8 years ago
PAYDAY!! DRIPn
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jugs jugs 8 years ago
I've never had a penny, so I can't answer that. But I keep hoping.
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pete807 pete807 8 years ago
Right! if it were all options it would approach 270 contracts though... a slight understatement?
How much does a penny change mean oh brave one?
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jugs jugs 8 years ago
I strongly approve of building large positions as you are doing.

This is why I'm holding 27 units of ALDW and 3 of NGL.

You must be holding at least a dozen units of the combined stocks in your portfolio.

Neat!!!

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pete807 pete807 8 years ago
Added another 200@13.97 this AM. I expect to get the 30 cents I missed in the form of appreciation, and then some. This company is undervalued imo. Call it a pre-DRIP program.
GLTA!
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jugs jugs 8 years ago
You were very smart to take advantage of the swoon today. As I said, wish I could have done it, myself.
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pete807 pete807 8 years ago
Thanks bud, it was a trial and error journey that took a few attempts to get. The more I read about LADR the more I am glad to be a long. I added 500 in two accounts today. CB came up a bit now... 1710@12,60... :o)
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jugs jugs 8 years ago
Neat things you're bringing up.

When I found LADR, it was my conclusion based on a piece at SA that convinced me I wanted to be involved. And, like you, I was intrigued by the Walgreens connection. It's been a fine ride so far, wish I had capital to add.

When you figured out how to post photos at the board, you gave a great piece of physical proof to doubting folk. I hope some listened..
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pete807 pete807 8 years ago
This is the op I have been waiting for and will watch it for another swing on the dip side as I missed the open dip to 14.26. I told the local Walgreens clerk yesterday I was happy with the landlord :0). Stock is currently overbought after early drop.... and screaming back higher.

The store looks exactly like the pic I put in the box... We are used to cloning in America, lol. Everywhere you go looks like everywhere you have been.

Walgreens is one of the commercial LADR clients that convinced me to invest. They have great sale prices. They compete very well with other big chains. Yesterday I was making a large framed print from a great Jpeg photo to give to the Canadian gal that runs the local credit union up there. She saves over a week of mail time by having a PO box on the US side of the bridge.

In her latest remarks, Fed Chair Janet Yellen dropped the clearest hint yet that Federal Reserve officials want to raise prime rates at the next policy meeting this month. In other words, interest-rate-sensitive assets are poised to profit from a rate hike decision, and that includes commercial real estate finance company Ladder Capital due to its variable rate loan portfolio.
http://seekingalpha.com/article/4052365-ladder-capital-8-percent-yielder-can-roar-higher





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