Ladder Capital Corp (NYSE:LADR) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,118,417 shares of the real estate investment trust's stock after selling 67,949 shares during the quarter. Brown Advisory Inc. owned 2.45% of Ladder Capital worth $35,581,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in shares of Ladder Capital during the first quarter worth $31,000. Versant Capital Management Inc bought a new stake in shares of Ladder Capital during the 1st quarter valued at about $38,000. Sterling Capital Management LLC raised its stake in Ladder Capital by 816.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 3,240 shares during the period. TD Waterhouse Canada Inc. bought a new position in Ladder Capital in the fourth quarter worth about $84,000. Finally, Cibc World Markets Corp acquired a new position in Ladder Capital in the fourth quarter valued at approximately $119,000. 62.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LADR. Keefe, Bruyette & Woods increased their price target on Ladder Capital from $11.50 to $11.75 and gave the stock an "outperform" rating in a research report on Thursday. Wall Street Zen downgraded Ladder Capital from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $13.15.

Ladder Capital Stock Performance

NYSE LADR traded down $0.06 on Friday, hitting $11.11. The stock had a trading volume of 1,158,975 shares, compared to its average volume of 674,580. The company's 50-day moving average is $10.65 and its two-hundred day moving average is $10.96. Ladder Capital Corp has a one year low of $9.68 and a one year high of $12.48. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 3.35 and a beta of 1.00. The company has a quick ratio of 48.71, a current ratio of 48.72 and a debt-to-equity ratio of 1.83.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). The business had revenue of $51.20 million during the quarter, compared to the consensus estimate of $65.15 million. Ladder Capital had a return on equity of 7.82% and a net margin of 21.81%. During the same period last year, the company earned $0.33 earnings per share. On average, analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date of this dividend is Monday, June 30th. Ladder Capital's dividend payout ratio (DPR) is 112.20%.

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.