Jane Street Group LLC trimmed its position in Ladder Capital Corp (NYSE:LADR - Free Report) by 98.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,430 shares of the real estate investment trust's stock after selling 1,512,372 shares during the quarter. Jane Street Group LLC's holdings in Ladder Capital were worth $184,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LADR. Wellington Management Group LLP boosted its position in shares of Ladder Capital by 77.6% in the fourth quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock worth $30,043,000 after purchasing an additional 1,172,961 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Ladder Capital by 2.4% during the 4th 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 buying an additional 39,695 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Ladder Capital by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust's stock valued at $18,778,000 after buying an additional 45,040 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Ladder Capital by 27.2% in the 4th quarter. Van ECK Associates Corp now owns 1,223,151 shares of the real estate investment trust's stock worth $13,687,000 after buying an additional 261,681 shares during the period. Finally, Franklin Resources Inc. increased its stake in Ladder Capital by 98.9% in the 4th quarter. Franklin Resources Inc. now owns 832,848 shares of the real estate investment trust's stock worth $9,320,000 after buying an additional 414,135 shares in the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.
Ladder Capital Price Performance
Shares of Ladder Capital stock traded up $0.12 during trading on Tuesday, reaching $10.82. 426,158 shares of the stock traded hands, compared to its average volume of 655,529. Ladder Capital Corp has a 52-week low of $9.68 and a 52-week 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. The business has a fifty day simple moving average of $10.38 and a two-hundred day simple moving average of $11.10. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 12.58 and a beta of 1.01.
Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $65.15 million. During the same period in the previous year, the company posted $0.33 earnings per share. Sell-side analysts expect that Ladder Capital Corp will post 1.03 EPS for the current year.
Ladder Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.51%. The ex-dividend date was Monday, March 31st. Ladder Capital's dividend payout ratio is presently 112.20%.
Analyst Ratings Changes
Several brokerages have recently commented on LADR. Keefe, Bruyette & Woods lowered their price objective on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Wall Street Zen cut Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ladder Capital currently has an average rating of "Moderate Buy" and a consensus target price of $13.17.
Get Our Latest Stock Report on LADR
Ladder Capital Company Profile
(
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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