Steward Partners Investment Advisory LLC lessened its position in Ladder Capital Corp (NYSE:LADR – Get Rating) by 60.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,602 shares of the real estate investment trust’s stock after selling 36,456 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Ladder Capital were worth $280,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of LADR. Cetera Investment Advisers increased its holdings in shares of Ladder Capital by 9.8% during the 4th quarter. Cetera Investment Advisers now owns 66,818 shares of the real estate investment trust’s stock worth $801,000 after purchasing an additional 5,940 shares during the period. Jennison Associates LLC bought a new position in shares of Ladder Capital during the 4th quarter worth about $16,580,000. First Eagle Investment Management LLC bought a new position in shares of Ladder Capital during the 4th quarter worth about $659,000. Gator Capital Management LLC bought a new position in shares of Ladder Capital during the 4th quarter worth about $128,000. Finally, Kercheville Advisors LLC increased its holdings in shares of Ladder Capital by 15.4% during the 1st quarter. Kercheville Advisors LLC now owns 15,000 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 58.27% of the company’s stock.
Analyst Ratings Changes
LADR has been the topic of a number of analyst reports. TheStreet cut shares of Ladder Capital from a “b-” rating to a “c+” rating in a research note on Friday, April 29th. JMP Securities reissued a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a research note on Friday, June 24th.
Ladder Capital Stock Performance
Ladder Capital (NYSE:LADR – Get Rating) last posted its earnings results on Thursday, April 28th. The real estate investment trust reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. Ladder Capital had a net margin of 18.52% and a return on equity of 4.08%. As a group, research analysts forecast that Ladder Capital Corp will post 0.65 earnings per share for the current fiscal year.
Ladder Capital Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a $0.22 dividend. The ex-dividend date was Wednesday, June 29th. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 7.41%. Ladder Capital’s payout ratio is 146.67%.
Ladder Capital Company Profile
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.
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