Vanguard Group Inc. Sells 167,742 Shares of Ladder Capital Corp $LADR

Vanguard Group Inc. lessened its holdings in Ladder Capital Corp (NYSE:LADR) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,067,328 shares of the real estate investment trust’s stock after selling 167,742 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Ladder Capital worth $121,630,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Ladder Capital by 63.8% in the fourth quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 931 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of Ladder Capital by 500.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,500 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Ladder Capital in the 3rd quarter valued at about $34,000. Vision Financial Markets LLC purchased a new position in Ladder Capital during the third quarter worth $35,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Ladder Capital by 531.7% in the third quarter. Jones Financial Companies Lllp now owns 3,822 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 3,217 shares during the period. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Price Performance

NYSE LADR opened at $10.06 on Wednesday. The company has a market cap of $1.28 billion, a PE ratio of 22.85, a P/E/G ratio of 0.92 and a beta of 0.98. The firm’s 50 day moving average price is $10.11 and its 200-day moving average price is $10.60. The company has a debt-to-equity ratio of 2.79, a quick ratio of 58.90 and a current ratio of 58.90. Ladder Capital Corp has a 52-week low of $9.61 and a 52-week high of $11.92.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $51.88 million for the quarter, compared to analysts’ expectations of $57.03 million. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.During the same quarter last year, the firm earned $0.20 EPS. Sell-side analysts forecast that Ladder Capital Corp will post 0.78 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 9.1%. The ex-dividend date was Tuesday, March 31st. Ladder Capital’s dividend payout ratio is currently 209.09%.

Wall Street Analyst Weigh In

LADR has been the subject of several analyst reports. Capital One Financial set a $13.00 target price on shares of Ladder Capital in a report on Wednesday, January 21st. HSBC set a $13.00 price objective on shares of Ladder Capital in a research report on Wednesday, January 21st. Citigroup restated a “market outperform” rating on shares of Ladder Capital in a research report on Wednesday, January 21st. Zacks Research cut Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Finally, Keefe, Bruyette & Woods decreased their price target on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ladder Capital presently has a consensus rating of “Moderate Buy” and an average price target of $12.75.

Ladder Capital Company Profile

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage?backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.