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

Voya Investment Management LLC decreased its stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 27.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 445,246 shares of the real estate investment trust's stock after selling 166,850 shares during the quarter. Voya Investment Management LLC owned about 0.35% of Ladder Capital worth $4,982,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC increased its holdings in shares of Ladder Capital by 816.1% in the fourth 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. purchased a new position in shares of Ladder Capital in the fourth quarter valued at $84,000. Janney Montgomery Scott LLC bought a new stake in Ladder Capital in the fourth quarter worth $112,000. Cibc World Markets Corp purchased a new stake in Ladder Capital during the fourth quarter valued at $119,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Ladder Capital in the 4th quarter worth $129,000. 62.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ladder Capital Trading Down 0.1 %

LADR stock traded down $0.02 during trading on Tuesday, hitting $10.38. The company had a trading volume of 62,646 shares, compared to its average volume of 636,145. The firm has a market capitalization of $1.32 billion, a P/E ratio of 12.08 and a beta of 1.01. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. Ladder Capital Corp has a 52-week low of $9.68 and a 52-week high of $12.48. The company has a 50 day simple moving average of $10.96 and a 200-day simple moving average of $11.28.

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 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company 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 firm posted $0.33 EPS. As a group, research analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid 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 8.87%. Ladder Capital's dividend payout ratio (DPR) is presently 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.