Prudential Financial Inc. Sells 89,487 Shares of Ladder Capital Corp (NYSE:LADR)

Prudential Financial Inc. decreased its stake in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 73.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,146 shares of the real estate investment trust's stock after selling 89,487 shares during the period. Prudential Financial Inc.'s holdings in Ladder Capital were worth $374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LADR. FMR LLC lifted its holdings in shares of Ladder Capital by 11.3% in the third quarter. FMR LLC now owns 124,853 shares of the real estate investment trust's stock valued at $1,448,000 after buying an additional 12,638 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Ladder Capital by 34.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,709 shares of the real estate investment trust's stock worth $403,000 after purchasing an additional 8,887 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Ladder Capital by 21.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 264,655 shares of the real estate investment trust's stock valued at $3,070,000 after purchasing an additional 47,085 shares during the last quarter. Verition Fund Management LLC boosted its holdings in Ladder Capital by 80.9% during the third quarter. Verition Fund Management LLC now owns 30,296 shares of the real estate investment trust's stock worth $351,000 after buying an additional 13,545 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Ladder Capital by 196.3% in the third quarter. Stifel Financial Corp now owns 165,768 shares of the real estate investment trust's stock worth $1,923,000 after buying an additional 109,816 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

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Ladder Capital Stock Up 0.7 %

NYSE:LADR traded up $0.08 on Tuesday, hitting $10.18. 188,581 shares of the company's stock traded hands, compared to its average volume of 593,534. The company has a market cap of $1.29 billion, a PE ratio of 11.83 and a beta of 1.44. Ladder Capital Corp has a 1 year low of $9.68 and a 1 year high of $12.48. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The firm has a 50-day moving average price of $11.35 and a 200-day moving average price of $11.38.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings data 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 net margin of 21.36% and a return on equity of 8.77%. Equities analysts anticipate that Ladder Capital Corp will post 1.03 EPS for the current fiscal 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 dividend of $0.23 per share. The ex-dividend date is Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 9.04%. Ladder Capital's dividend payout ratio is 106.98%.

Wall Street Analysts Forecast Growth

LADR has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. StockNews.com lowered Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Finally, B. Riley raised shares of Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ladder Capital presently has a consensus rating of "Moderate Buy" and an average 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.