Arrowstreet Capital Limited Partnership Sells 213,729 Shares of Ladder Capital Corp (NYSE:LADR)

Arrowstreet Capital Limited Partnership reduced its stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 60.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,386 shares of the real estate investment trust's stock after selling 213,729 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.11% of Ladder Capital worth $1,549,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LADR. Norges Bank bought a new stake in Ladder Capital in the 4th quarter worth $5,764,000. Morey & Quinn Wealth Partners LLC bought a new stake in shares of Ladder Capital in the fourth quarter worth about $226,000. LPL Financial LLC increased its holdings in Ladder Capital by 2.4% during the 4th quarter. LPL Financial LLC now owns 193,994 shares of the real estate investment trust's stock valued at $2,171,000 after purchasing an additional 4,498 shares during the period. KLP Kapitalforvaltning AS bought a new position in Ladder Capital during the 4th quarter valued at approximately $249,000. Finally, Sei Investments Co. lifted its holdings in Ladder Capital by 10.2% in the 4th quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust's stock worth $425,000 after buying an additional 3,510 shares during the period. Hedge funds and other institutional investors own 62.25% of the company's stock.

Ladder Capital Stock Up 0.4 %

Shares of LADR stock traded up $0.04 during trading hours on Tuesday, hitting $10.14. 371,873 shares of the company's stock traded hands, compared to its average volume of 623,375. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 11.79 and a beta of 1.44. The stock's fifty day simple moving average is $11.35 and its two-hundred day simple moving average is $11.38. Ladder Capital Corp has a 12-month low of $9.68 and a 12-month high of $12.48.

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

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.23 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 9.07%. Ladder Capital's payout ratio is currently 106.98%.

Analysts Set New Price Targets

A number of brokerages recently commented on LADR. B. Riley upgraded Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their target price on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a research report 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ladder Capital has an average rating of "Moderate Buy" and a consensus target price of $13.17.

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.