Northern Trust Corp Sells 329,211 Shares of Ladder Capital Corp (NYSE:LADR)

Northern Trust Corp decreased its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,176,780 shares of the real estate investment trust's stock after selling 329,211 shares during the quarter. Northern Trust Corp owned 0.92% of Ladder Capital worth $13,168,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LADR. Sterling Capital Management LLC increased its stake in shares of Ladder Capital by 816.1% during 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 during the last quarter. TD Waterhouse Canada Inc. bought a new position in Ladder Capital in the 4th quarter valued at $84,000. Janney Montgomery Scott LLC bought a new position in Ladder Capital in the 4th quarter valued at $112,000. Cibc World Markets Corp bought a new position in Ladder Capital in the 4th quarter valued at $119,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Ladder Capital during the 4th quarter worth $129,000. Institutional investors own 62.25% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LADR shares. StockNews.com downgraded shares of Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods reduced their price target on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $13.17.

Ladder Capital Stock Down 0.4%

Shares of NYSE:LADR traded down $0.04 during trading on Monday, reaching $10.61. 471,928 shares of the stock traded hands, compared to its average volume of 643,912. The stock has a 50-day moving average of $10.74 and a two-hundred day moving average of $11.24. 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. The stock has a market cap of $1.35 billion, a P/E ratio of 12.34 and a beta of 1.01.

Ladder Capital (NYSE:LADR - Get Free Report) last posted 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 analysts' expectations of $65.15 million. During the same quarter in the previous year, the company earned $0.33 EPS. As a group, sell-side analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.67%. Ladder Capital's dividend payout ratio (DPR) is 112.20%.

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.