Prudential Financial Inc. cut its stake in Ladder Capital Corp (NASDAQ:LADR) by 11.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,001 shares of the real estate investment trust’s stock after selling 35,908 shares during the period. Prudential Financial Inc. owned 0.25% of Ladder Capital Corp worth $3,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LADR. SG Americas Securities LLC acquired a new stake in Ladder Capital Corp in the 1st quarter worth approximately $110,000. BNP Paribas Arbitrage SA lifted its stake in Ladder Capital Corp by 833.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 9,106 shares during the period. Great West Life Assurance Co. Can lifted its stake in Ladder Capital Corp by 0.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 75 shares during the period. Legal & General Group Plc lifted its stake in Ladder Capital Corp by 6.7% during the 1st quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 649 shares during the period. Finally, Strs Ohio lifted its stake in Ladder Capital Corp by 0.8% during the 1st quarter. Strs Ohio now owns 12,393 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 93 shares during the period.

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LADR has been the subject of several research reports. Zacks Investment Research cut shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a research note on Monday, September 4th. BidaskClub upgraded shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $16.00 price objective on shares of Ladder Capital Corp in a research note on Friday, August 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Ladder Capital Corp presently has an average rating of “Buy” and an average price target of $15.67.

Shares of Ladder Capital Corp (NASDAQ:LADR) opened at 13.61 on Friday. Ladder Capital Corp has a 52 week low of $12.14 and a 52 week high of $15.53. The firm has a market capitalization of $1.17 billion and a PE ratio of 11.90. The firm’s 50-day moving average is $13.52 and its 200 day moving average is $13.96.

Ladder Capital Corp (NASDAQ:LADR) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.11. The business had revenue of $52.10 million during the quarter, compared to the consensus estimate of $76.60 million. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The company’s revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. On average, equities analysts forecast that Ladder Capital Corp will post $1.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 8.82%. The ex-dividend date of this dividend is Friday, September 8th.

In other news, CEO Brian Harris acquired 10,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was acquired at an average cost of $13.41 per share, with a total value of $134,100.00. Following the completion of the acquisition, the chief executive officer now owns 544,558 shares of the company’s stock, valued at $7,302,522.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

About Ladder Capital Corp

Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).

Institutional Ownership by Quarter for Ladder Capital Corp (NASDAQ:LADR)

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