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

Voloridge Investment Management LLC reduced its holdings in shares of 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 (SEC). The institutional investor owned 21,372 shares of the real estate investment trust's stock after selling 24,972 shares during the period. Voloridge Investment Management LLC's holdings in Ladder Capital were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of Ladder Capital by 77.6% during 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 acquiring an additional 1,172,961 shares during the last quarter. Balyasny Asset Management L.P. grew its position 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 purchasing an additional 461,739 shares during the last quarter. Victory Capital Management Inc. grew its position in 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 worth $18,799,000 after purchasing an additional 39,695 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 purchasing an additional 45,040 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Ladder Capital by 27.2% in the fourth 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 last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Stock Performance

Shares of Ladder Capital stock traded down $0.10 during trading on Wednesday, hitting $10.41. 80,405 shares of the company's stock were exchanged, compared to its average volume of 651,146. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.11 and a beta of 1.01. The business has a 50-day simple moving average of $10.46 and a 200-day simple moving average of $11.14. 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 quick ratio of 38.96 and a current ratio of 38.96.

Ladder Capital (NYSE:LADR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). The company had revenue of $51.20 million for the quarter, compared to analysts' expectations 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 in the previous year, the business posted $0.33 EPS. On average, research analysts forecast that Ladder Capital Corp will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.83%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital's dividend payout ratio is currently 112.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LADR shares. Keefe, Bruyette & Woods dropped their price objective 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 research note 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Ladder Capital currently has a consensus rating of "Moderate Buy" and a consensus price target 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.