Vanguard Group Inc. trimmed its holdings in shares of Ladder Capital Corp (NYSE:LADR - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,325,516 shares of the real estate investment trust's stock after selling 58,577 shares during the quarter. Vanguard Group Inc. owned about 8.87% of Ladder Capital worth $126,733,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of LADR. Charles Schwab Investment Management Inc. lifted its position in shares of Ladder Capital by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust's stock valued at $18,778,000 after acquiring an additional 45,040 shares during the period. Jane Street Group LLC raised its holdings in shares of Ladder Capital by 1,089.1% during the 3rd quarter. Jane Street Group LLC now owns 1,528,802 shares of the real estate investment trust's stock worth $17,734,000 after buying an additional 1,400,238 shares in the last quarter. Barclays PLC lifted its holdings in shares of Ladder Capital by 28.3% in the third quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust's stock worth $2,382,000 after acquiring an additional 45,294 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Ladder Capital by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust's stock worth $18,799,000 after buying an additional 39,695 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Ladder Capital in the fourth quarter valued at about $4,323,000. 62.25% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently weighed in on LADR. Keefe, Bruyette & Woods reduced their price objective on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, StockNews.com cut 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $13.17.
Get Our Latest Analysis on LADR
Ladder Capital Stock Down 1.2 %
Shares of Ladder Capital stock traded down $0.12 during trading hours on Friday, reaching $9.88. The company's stock had a trading volume of 744,616 shares, compared to its average volume of 621,637. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. The stock's fifty day simple moving average is $11.37 and its two-hundred day simple moving average is $11.39. The company has a market capitalization of $1.26 billion, a P/E ratio of 11.48 and a beta of 1.44. Ladder Capital Corp has a one year low of $9.68 and a one year high of $12.48.
Ladder Capital (NYSE:LADR - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (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%. On average, research analysts forecast that Ladder Capital Corp will post 1.03 earnings per share for the current year.
Ladder Capital Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.23 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 9.32%. Ladder Capital's payout ratio is 106.98%.
About Ladder Capital
(
Free Report)
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.
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