Commonwealth Equity Services LLC Sells 1,131 Shares of Ladder Capital Corp (NYSE:LADR)

Commonwealth Equity Services LLC cut its stake in shares of Ladder Capital Corp (NYSE:LADR) by 3.1% in the 4th quarter, HoldingsChannel reports. The firm owned 35,363 shares of the real estate investment trust’s stock after selling 1,131 shares during the period. Commonwealth Equity Services LLC’s holdings in Ladder Capital were worth $396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Quarry LP lifted its holdings in shares of Ladder Capital by 1,832.9% during the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 7,698 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Ladder Capital during the fourth quarter worth about $112,000. Longboard Asset Management LP purchased a new position in shares of Ladder Capital in the 4th quarter worth about $160,000. Farther Finance Advisors LLC lifted its position in Ladder Capital by 7,907.4% in the 4th quarter. Farther Finance Advisors LLC now owns 16,255 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 16,052 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in Ladder Capital by 13.4% in the fourth quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 2,011 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Trading Down 5.4 %

NYSE:LADR opened at $10.61 on Monday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 12.33 and a beta of 1.44. Ladder Capital Corp has a 52 week low of $10.21 and a 52 week high of $12.48. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. The company has a fifty day moving average of $11.52 and a 200 day moving average of $11.48.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 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 predict that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.68%. The ex-dividend date of this dividend is Monday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is currently 106.98%.

Analyst Upgrades and Downgrades

Several research firms have commented on LADR. StockNews.com downgraded shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13.29.

About Ladder Capital

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.