Ladder Capital Corp $LADR Holdings Lowered by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. sold 52,153 shares of Ladder Capital Corp, reducing its stake by 3.1% to approximately 1.28% ownership, valued at $18.55 million.
• Wall Street analysts have a consensus rating of "Buy" for Ladder Capital, with an average target price of $12.75, following recent ratings adjustments by firms like Keefe, Bruyette & Woods.
• Ladder Capital recently declared a quarterly dividend of $0.23, representing an annual yield of 8.0%, though its dividend payout ratio stands at 131.43%.

Charles Schwab Investment Management Inc. trimmed its position in Ladder Capital Corp (NYSE:LADR - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,625,962 shares of the real estate investment trust's stock after selling 52,153 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.28% of Ladder Capital worth $18,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in LADR. Vanguard Group Inc. grew its stake in Ladder Capital by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 11,367,771 shares of the real estate investment trust's stock worth $129,706,000 after buying an additional 42,255 shares during the last quarter. Jennison Associates LLC grew its stake in Ladder Capital by 2.8% during the 1st quarter. Jennison Associates LLC now owns 6,955,381 shares of the real estate investment trust's stock worth $79,361,000 after buying an additional 190,867 shares during the last quarter. Wellington Management Group LLP grew its stake in Ladder Capital by 77.6% during the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock worth $30,043,000 after buying an additional 1,172,961 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Ladder Capital by 35.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust's stock worth $19,896,000 after buying an additional 461,739 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Ladder Capital by 3.2% during the 1st quarter. Victory Capital Management Inc. now owns 1,734,479 shares of the real estate investment trust's stock worth $19,790,000 after buying an additional 54,465 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Price Performance

Shares of Ladder Capital stock traded up $0.01 during trading on Thursday, hitting $11.51. The stock had a trading volume of 469,882 shares, compared to its average volume of 560,687. The company has a debt-to-equity ratio of 1.86, a current ratio of 31.28 and a quick ratio of 31.28. The firm has a market cap of $1.47 billion, a P/E ratio of 16.44, a PEG ratio of 9.80 and a beta of 1.03. The business has a fifty day moving average of $11.08 and a two-hundred day moving average of $10.95. Ladder Capital Corp has a fifty-two week low of $9.68 and a fifty-two week high of $12.36.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $56.26 million during the quarter, compared to analyst estimates of $58.57 million. Ladder Capital had a return on equity of 7.07% and a net margin of 20.05%.During the same quarter in the prior year, the firm posted $0.31 earnings per share. On average, sell-side analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.23 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 8.0%. Ladder Capital's dividend payout ratio is 131.43%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Ladder Capital from $11.75 to $12.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Wall Street Zen cut Ladder Capital from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, Ladder Capital presently has an average rating of "Buy" and a consensus price target of $12.75.

Insider Buying and Selling at Ladder Capital

In other news, Director Mark David Alexander sold 26,795 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $10.86, for a total value of $290,993.70. Following the completion of the sale, the director owned 29,229 shares in the company, valued at $317,426.94. This represents a 47.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 91,382 shares of company stock valued at $1,003,501 in the last ninety days. Corporate insiders own 12.00% of the company's stock.

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.