Stifel Financial Corp trimmed its position in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 46.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,382 shares of the real estate investment trust's stock after selling 76,386 shares during the period. Stifel Financial Corp owned 0.07% of Ladder Capital worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Ladder Capital by 28.3% in the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust's stock valued at $2,382,000 after purchasing an additional 45,294 shares during the period. Franklin Resources Inc. boosted its position in shares of Ladder Capital by 23.1% in the third quarter. Franklin Resources Inc. now owns 418,713 shares of the real estate investment trust's stock valued at $4,698,000 after acquiring an additional 78,562 shares during the period. Principal Financial Group Inc. increased its position in Ladder Capital by 5.0% during the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust's stock worth $23,434,000 after acquiring an additional 96,573 shares during the period. HB Wealth Management LLC raised its stake in Ladder Capital by 13.4% in the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust's stock worth $191,000 after purchasing an additional 2,011 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Ladder Capital by 15.9% in the 4th quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust's stock valued at $329,000 after purchasing an additional 4,027 shares during the period. Institutional investors and hedge funds own 62.25% of the company's stock.
Ladder Capital Price Performance
Shares of LADR stock traded up $0.26 on Monday, hitting $10.68. 689,450 shares of the company's stock were exchanged, compared to its average volume of 642,258. The stock has a market cap of $1.36 billion, a P/E ratio of 12.41 and a beta of 1.01. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The company has a 50 day moving average of $10.83 and a 200 day moving average of $11.26. Ladder Capital Corp has a 12 month low of $9.68 and a 12 month high of $12.48.
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 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 firm had revenue of $51.20 million for the quarter, compared to analyst estimates of $65.15 million. During the same period last year, the business earned $0.33 EPS. On average, equities research analysts predict 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. Shareholders of record on Monday, March 31st were given a $0.23 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.62%. Ladder Capital's dividend payout ratio (DPR) is presently 112.20%.
Analyst Ratings Changes
A number of research firms have commented on LADR. Keefe, Bruyette & Woods lowered 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. StockNews.com cut Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Ladder Capital presently has an average rating of "Moderate Buy" and an average price target of $13.17.
Read Our Latest Report on LADR
Ladder Capital Profile
(
Free Report)
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.
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