Voloridge Investment Management LLC Lowers Holdings in Ladder Capital Corp (NYSE:LADR)

Voloridge Investment Management LLC lessened its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 53.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,372 shares of the real estate investment trust's stock after selling 24,972 shares during the quarter. Voloridge Investment Management LLC's holdings in Ladder Capital were worth $239,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LADR. Wellington Management Group LLP lifted its stake in 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 valued at $30,043,000 after acquiring an additional 1,172,961 shares during the last quarter. Raymond James Financial Inc. bought a new position in Ladder Capital during the 4th quarter worth $7,981,000. Norges Bank bought a new stake in Ladder Capital during the fourth quarter worth about $5,764,000. Balyasny Asset Management L.P. raised its position in Ladder Capital by 35.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust's stock valued at $19,896,000 after purchasing an additional 461,739 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Ladder Capital by 98.9% during 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 during the last quarter. Institutional investors and hedge funds own 62.25% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on LADR shares. Keefe, Bruyette & Woods cut their price target on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Wall Street Zen downgraded Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Ladder Capital has a consensus rating of "Moderate Buy" and an average price target of $13.17.

Ladder Capital Stock Down 0.6%

Ladder Capital stock traded down $0.06 during mid-day trading on Wednesday, reaching $10.45. The stock had a trading volume of 390,415 shares, compared to its average volume of 652,791. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.15 and a beta of 1.01. The company has a 50-day moving average price of $10.44 and a two-hundred day moving average price of $11.13. Ladder Capital Corp has a one year low of $9.68 and a one year 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.

Ladder Capital (NYSE:LADR - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. The company had revenue of $51.20 million for the quarter, compared to analysts' expectations of $65.15 million. During the same quarter last year, the firm posted $0.33 earnings per share. On average, analysts expect that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.23 per share. The ex-dividend date was Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.80%. Ladder Capital's dividend payout ratio (DPR) is presently 112.20%.

Ladder Capital Company 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.