Zacks Investment Research cut shares of Ladder Capital Corp (NASDAQ:LADR) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

According to Zacks, “Ladder Capital Corp is a commercial real estate finance company. The Company operates in three segments: Loans, Securities and Real Estate. It focused on midmarket senior secured commercial real estate first mortgage loans, investment grade-rated securities secured by first mortgage loans on commercial real estate and investing in net leased and other commercial real estate. The company also provides services of the commercial real estate industry which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York City. “

A number of other brokerages also recently issued reports on LADR. BidaskClub downgraded Ladder Capital Corp from a hold rating to a sell rating in a research report on Saturday, October 21st. Keefe, Bruyette & Woods restated a buy rating and issued a $16.00 price target on shares of Ladder Capital Corp in a research report on Friday, September 22nd. Finally, B. Riley restated a buy rating on shares of Ladder Capital Corp in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $16.17.

Ladder Capital Corp (NASDAQ LADR) traded down $0.04 during midday trading on Thursday, hitting $13.65. The stock had a trading volume of 732,654 shares, compared to its average volume of 607,879. Ladder Capital Corp has a 52-week low of $12.82 and a 52-week high of $15.53.

Ladder Capital Corp (NASDAQ:LADR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $69.30 million during the quarter, compared to the consensus estimate of $59.05 million. Ladder Capital Corp had a return on equity of 8.57% and a net margin of 27.24%. During the same period last year, the company earned $0.40 earnings per share.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 11th will be given a $0.315 dividend. The ex-dividend date of this dividend is Friday, December 8th. This is an increase from Ladder Capital Corp’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a yield of 9.23%.

In other Ladder Capital Corp news, CEO Brian Harris bought 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, for a total transaction of $134,100.00. Following the completion of the transaction, the chief executive officer now owns 544,558 shares in the company, valued at $7,302,522.78. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of Ladder Capital Corp stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $13.55, for a total value of $27,100,000.00. The disclosure for this sale can be found here.

Several large investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. lifted its position in shares of Ladder Capital Corp by 0.7% during the first quarter. UBS Asset Management Americas Inc. now owns 13,196 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 98 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Ladder Capital Corp by 0.8% during the first quarter. Wellington Management Group LLP now owns 20,714 shares of the real estate investment trust’s stock worth $299,000 after purchasing an additional 155 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Ladder Capital Corp by 6.7% during the first quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 649 shares during the last quarter. KCG Holdings Inc. lifted its position in shares of Ladder Capital Corp by 14.7% during the first quarter. KCG Holdings Inc. now owns 13,014 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 1,667 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Ladder Capital Corp by 1.7% during the first quarter. TIAA CREF Investment Management LLC now owns 112,775 shares of the real estate investment trust’s stock worth $1,628,000 after purchasing an additional 1,872 shares during the last quarter.

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).

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