LSV Asset Management Sells 135,800 Shares of Ladder Capital Corp (NYSE:LADR)

LSV Asset Management lowered its position in Ladder Capital Corp (NYSE:LADR - Free Report) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 749,900 shares of the real estate investment trust's stock after selling 135,800 shares during the period. LSV Asset Management owned 0.59% of Ladder Capital worth $8,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LADR. Janney Montgomery Scott LLC bought a new position in shares of Ladder Capital in the fourth quarter worth about $112,000. Cibc World Markets Corp bought a new position in Ladder Capital in the 4th quarter valued at $119,000. Landscape Capital Management L.L.C. acquired a new position in Ladder Capital during the 4th quarter worth about $129,000. Longboard Asset Management LP acquired a new position in shares of Ladder Capital during the fourth quarter valued at $160,000. Finally, Farther Finance Advisors LLC lifted its holdings in Ladder Capital by 7,907.4% in the fourth quarter. Farther Finance Advisors LLC now owns 16,255 shares of the real estate investment trust's stock valued at $182,000 after buying an additional 16,052 shares during the period. Institutional investors own 62.25% of the company's stock.

Ladder Capital Stock Up 1.6 %

NYSE:LADR traded up $0.16 on Friday, hitting $10.24. 598,563 shares of the company's stock were exchanged, compared to its average volume of 624,688. The company has a market cap of $1.30 billion, a P/E ratio of 11.91 and a beta of 1.44. The firm has a 50-day moving average price of $11.25 and a 200-day moving average price of $11.35. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. Ladder Capital Corp has a 52 week low of $9.68 and a 52 week high of $12.48.

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

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.99%. Ladder Capital's dividend payout ratio is presently 106.98%.

Analyst Upgrades and Downgrades

Several brokerages have commented on LADR. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced 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 note on Monday, April 7th. Finally, StockNews.com downgraded Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.17.

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.