Ladder Capital Corp (NYSE:LADR) Stake Lessened by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. decreased its position in Ladder Capital Corp (NYSE:LADR - Free Report) by 51.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 200,000 shares of the real estate investment trust's stock after selling 210,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.16% of Ladder Capital worth $2,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LADR. Charles Schwab Investment Management Inc. boosted its stake in Ladder Capital by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust's stock worth $18,778,000 after buying an additional 45,040 shares during the last quarter. Barclays PLC boosted its position in shares of Ladder Capital by 28.3% in the third quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust's stock worth $2,382,000 after acquiring an additional 45,294 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Ladder Capital by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust's stock valued at $18,799,000 after purchasing an additional 39,695 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Ladder Capital in the fourth quarter valued at approximately $4,323,000. Finally, Raymond James Financial Inc. acquired a new position in Ladder Capital during the fourth quarter worth approximately $7,981,000. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Stock Up 0.6 %

NYSE LADR traded up $0.06 on Friday, reaching $10.55. The company had a trading volume of 485,715 shares, compared to its average volume of 637,439. The firm has a market capitalization of $1.34 billion, a PE ratio of 12.27 and a beta of 1.44. The firm has a 50-day moving average of $10.96 and a 200-day moving average of $11.28. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.48. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. The firm had revenue of $51.20 million during the quarter, compared to analysts' expectations of $65.15 million. During the same quarter last year, the company posted $0.33 earnings per share. On average, equities research analysts anticipate that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.72%. The ex-dividend date was Monday, March 31st. Ladder Capital's payout ratio is 112.20%.

Wall Street Analysts Forecast Growth

LADR has been the subject of a number of research analyst reports. StockNews.com downgraded Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. B. Riley upgraded Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods decreased their target price on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ladder Capital presently has an average rating of "Moderate Buy" and an average target price of $13.17.

About Ladder Capital

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.