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

Vanguard Group Inc. trimmed its position in Ladder Capital Corp (NYSE:LADR) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,067,328 shares of the real estate investment trust’s stock after selling 167,742 shares during the period. Vanguard Group Inc. owned about 8.69% of Ladder Capital worth $121,630,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp bought a new stake in Ladder Capital in the 4th quarter worth about $7,943,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Ladder Capital by 2.5% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 239,399 shares of the real estate investment trust’s stock valued at $2,631,000 after buying an additional 5,911 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Ladder Capital by 38.8% during the 4th quarter. Farther Finance Advisors LLC now owns 49,767 shares of the real estate investment trust’s stock valued at $547,000 after buying an additional 13,907 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake 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 buying an additional 2,500 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Ladder Capital by 116.7% during the 4th quarter. SG Americas Securities LLC now owns 95,414 shares of the real estate investment trust’s stock valued at $1,049,000 after buying an additional 51,374 shares in the last quarter. 62.25% of the stock is owned by institutional investors.

Ladder Capital Price Performance

Shares of NYSE:LADR opened at $10.06 on Wednesday. The company has a debt-to-equity ratio of 2.79, a current ratio of 58.90 and a quick ratio of 58.90. Ladder Capital Corp has a one year low of $9.61 and a one year high of $11.92. The company’s fifty day moving average price is $10.11 and its 200-day moving average price is $10.60. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 0.92 and a beta of 0.98.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. The company had revenue of $51.88 million for the quarter, compared to analyst estimates of $57.03 million. During the same quarter last year, the firm earned $0.20 EPS. On average, equities research analysts anticipate that Ladder Capital Corp will post 0.78 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 9.1%. Ladder Capital’s dividend payout ratio (DPR) is currently 209.09%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LADR. Susquehanna set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. Capital One Financial set a $13.00 target price on shares of Ladder Capital in a research note on Wednesday, January 21st. BTIG Research reiterated a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a research note on Monday, February 2nd. Citigroup reiterated a “market outperform” rating on shares of Ladder Capital in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ladder Capital currently has an average rating of “Moderate Buy” and an average target price of $12.75.

Ladder Capital 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.