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

Commonwealth Equity Services LLC decreased its holdings in Ladder Capital Corp (NYSE:LADR) by 3.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,363 shares of the real estate investment trust’s stock after selling 1,131 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Ladder Capital were worth $396,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake 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 valued at $182,000 after buying an additional 16,052 shares during the last quarter. HighTower Advisors LLC grew its stake in Ladder Capital by 48.0% in the 4th quarter. HighTower Advisors LLC now owns 30,469 shares of the real estate investment trust’s stock valued at $341,000 after purchasing an additional 9,875 shares during the period. AlphaQuest LLC increased its position in shares of Ladder Capital by 1,191.6% during the 4th quarter. AlphaQuest LLC now owns 91,432 shares of the real estate investment trust’s stock valued at $1,023,000 after purchasing an additional 84,353 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Ladder Capital during the 4th quarter worth $7,981,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Ladder Capital by 2.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust’s stock worth $18,799,000 after buying an additional 39,695 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Down 5.4 %

Ladder Capital stock opened at $10.61 on Monday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 12.33 and a beta of 1.44. The firm has a 50 day simple moving average of $11.52 and a 200 day simple moving average of $11.48. Ladder Capital Corp has a 1-year low of $10.21 and a 1-year high of $12.48. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05.

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

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis 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 presently 106.98%.

Analyst Upgrades and Downgrades

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