Sherbrooke Park Advisers LLC decreased its stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 56.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 27,862 shares of the real estate investment trust's stock after selling 36,583 shares during the period. Sherbrooke Park Advisers LLC's holdings in Ladder Capital were worth $312,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in LADR. Barclays PLC lifted its holdings in Ladder Capital by 28.3% during the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust's stock worth $2,382,000 after purchasing an additional 45,294 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Ladder Capital by 13.4% during the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust's stock worth $191,000 after purchasing an additional 2,011 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Ladder Capital by 15.9% during the 4th quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust's stock worth $329,000 after purchasing an additional 4,027 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Ladder Capital in the 4th quarter worth about $112,000. Finally, Longboard Asset Management LP bought a new position in Ladder Capital in the 4th quarter worth about $160,000. Hedge funds and other institutional investors own 62.25% of the company's stock.
Ladder Capital Price Performance
NYSE LADR traded up $0.09 during trading on Friday, reaching $10.32. The company's stock had a trading volume of 961,600 shares, compared to its average volume of 651,147. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The stock has a market capitalization of $1.31 billion, a PE ratio of 11.99 and a beta of 1.01. The firm has a fifty day moving average of $10.62 and a 200 day moving average of $11.20. Ladder Capital Corp has a one year low of $9.68 and a one year high of $12.48.
Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $51.20 million for the quarter, compared to the consensus estimate of $65.15 million. Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. During the same quarter last year, the company posted $0.33 earnings per share. Analysts expect that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.
Ladder Capital Announces Dividend
The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.92%. Ladder Capital's dividend payout ratio (DPR) is presently 112.20%.
Analyst Upgrades and Downgrades
LADR has been the topic of a number of research analyst reports. Wall Street Zen lowered Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods decreased their target price on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ladder Capital has an average rating of "Moderate Buy" and an average target price of $13.17.
Check Out Our Latest Stock Report on Ladder Capital
About Ladder Capital
(
Free Report)
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.
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