CANADA LIFE ASSURANCE Co Sells 43,617 Shares of Ladder Capital Corp (NYSE:LADR)

CANADA LIFE ASSURANCE Co cut its holdings in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 48.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,734 shares of the real estate investment trust's stock after selling 43,617 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Ladder Capital were worth $522,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Sterling Capital Management LLC lifted its stake in Ladder Capital by 816.1% in the 4th quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 3,240 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Ladder Capital in the fourth quarter worth about $112,000. Cibc World Markets Corp purchased a new stake in shares of Ladder Capital in the fourth quarter worth about $119,000. Landscape Capital Management L.L.C. bought a new position in Ladder Capital during the fourth quarter valued at approximately $129,000. Finally, Longboard Asset Management LP purchased a new position in Ladder Capital during the 4th quarter valued at approximately $160,000. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LADR shares. B. Riley raised shares of Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price objective on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Finally, StockNews.com cut shares of Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $13.17.

Ladder Capital Trading Down 0.6 %

Shares of LADR stock traded down $0.06 during trading hours on Monday, reaching $10.49. 61,377 shares of the stock were exchanged, compared to its average volume of 636,350. 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 firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.20 and a beta of 1.01. Ladder Capital Corp has a 12-month low of $9.68 and a 12-month high of $12.48. The company's 50-day moving average price is $10.96 and its 200-day moving average price is $11.28.

Ladder Capital (NYSE:LADR - Get Free Report) last released its 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). The business 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 period in the prior year, the company posted $0.33 EPS. As a group, equities analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date was Monday, March 31st. Ladder Capital's payout ratio 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.