Phocas Financial Corp. Trims Holdings in Ladder Capital Corp (NYSE:LADR)

Phocas Financial Corp. trimmed its holdings in Ladder Capital Corp (NYSE:LADR - Free Report) by 85.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 74,121 shares of the real estate investment trust's stock after selling 422,883 shares during the quarter. Phocas Financial Corp. owned 0.06% of Ladder Capital worth $829,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LADR. Creative Planning lifted its holdings in shares of Ladder Capital by 2.5% in the 3rd quarter. Creative Planning now owns 37,302 shares of the real estate investment trust's stock worth $433,000 after acquiring an additional 909 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in shares of Ladder Capital by 24.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust's stock worth $200,000 after acquiring an additional 3,360 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Ladder Capital by 16.4% during the 3rd quarter. QRG Capital Management Inc. now owns 160,157 shares of the real estate investment trust's stock valued at $1,858,000 after buying an additional 22,559 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Ladder Capital by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust's stock valued at $23,434,000 after buying an additional 96,573 shares during the last quarter. Finally, Access Investment Management LLC raised its holdings in Ladder Capital by 2.3% during the 3rd quarter. Access Investment Management LLC now owns 282,919 shares of the real estate investment trust's stock valued at $3,282,000 after buying an additional 6,241 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

LADR has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Ladder Capital from $13.00 to $12.75 and set an "outperform" rating for the company in a report on Tuesday, January 14th. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Two equities research 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.29.

Ladder Capital Trading Up 1.3 %

Ladder Capital stock traded up $0.16 during mid-day trading on Friday, reaching $11.83. 602,983 shares of the company traded hands, compared to its average volume of 546,700. 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 firm's 50 day moving average price is $11.34 and its 200 day moving average price is $11.56. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.75 and a beta of 1.92. Ladder Capital Corp has a 52-week low of $10.20 and a 52-week high of $12.48.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. On average, analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date was Tuesday, December 31st. Ladder Capital's payout ratio is currently 106.98%.

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.