Jane Street Group LLC Sells 1,512,372 Shares of Ladder Capital Corp (NYSE:LADR)

Jane Street Group LLC trimmed its holdings in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 98.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,430 shares of the real estate investment trust's stock after selling 1,512,372 shares during the period. Jane Street Group LLC's holdings in Ladder Capital were worth $184,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LADR. Access Investment Management LLC raised its holdings in shares of Ladder Capital by 0.4% during the fourth quarter. Access Investment Management LLC now owns 284,064 shares of the real estate investment trust's stock valued at $3,179,000 after purchasing an additional 1,145 shares during the last quarter. Sterling Capital Management LLC increased its holdings 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 valued at $41,000 after buying an additional 3,240 shares during the last quarter. Capital Square LLC increased its holdings in Ladder Capital by 4.3% during the fourth quarter. Capital Square LLC now owns 79,713 shares of the real estate investment trust's stock valued at $882,000 after buying an additional 3,251 shares during the last quarter. Sei Investments Co. raised its position in Ladder Capital by 10.2% in the fourth quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust's stock worth $425,000 after acquiring an additional 3,510 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of Ladder Capital by 2.4% during the 4th quarter. LPL Financial LLC now owns 193,994 shares of the real estate investment trust's stock worth $2,171,000 after acquiring an additional 4,498 shares during the last quarter. 62.25% of the stock is owned by institutional investors.

Ladder Capital Price Performance

LADR traded up $0.10 during trading on Friday, hitting $10.62. 644,556 shares of the company traded hands, compared to its average volume of 654,649. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The company has a market cap of $1.36 billion, a PE ratio of 12.35 and a beta of 1.01. The stock's 50-day simple moving average is $10.40 and its two-hundred day simple moving average is $11.12. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.48.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. The firm had revenue of $51.20 million during the quarter, compared to the consensus estimate of $65.15 million. During the same period last year, the firm posted $0.33 earnings per share. As a group, sell-side analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share 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 issued a $0.23 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.66%. Ladder Capital's dividend payout ratio (DPR) is presently 112.20%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LADR. 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 price objective 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 research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $13.17.

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.