Rhumbline Advisers Sells 7,863 Shares of Ladder Capital Corp (NYSE:LADR)

Rhumbline Advisers trimmed its position in Ladder Capital Corp (NYSE:LADR) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,064 shares of the real estate investment trust’s stock after selling 7,863 shares during the quarter. Rhumbline Advisers owned 0.14% of Ladder Capital worth $2,009,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LADR. Versant Capital Management Inc bought a new stake in Ladder Capital in the first quarter valued at $38,000. Sterling Capital Management LLC raised its holdings in shares of Ladder Capital by 816.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 3,240 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in Ladder Capital in the 4th quarter worth approximately $84,000. Cibc World Markets Corp acquired a new position in Ladder Capital during the 4th quarter valued at about $119,000. Finally, Landscape Capital Management L.L.C. bought a new position in Ladder Capital in the fourth quarter valued at approximately $129,000. 62.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LADR has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods reduced their target price on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.17.

Ladder Capital Stock Down 0.1%

Shares of LADR stock opened at $10.59 on Tuesday. The firm’s fifty day moving average price is $10.42 and its two-hundred day moving average price is $11.06. 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 Corp has a 1 year low of $9.68 and a 1 year high of $12.48. The firm has a market capitalization of $1.36 billion, a P/E ratio of 12.31 and a beta of 1.01.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. The company had revenue of $51.20 million for the quarter, compared to analyst estimates of $65.15 million. During the same period last year, the firm earned $0.33 EPS. On average, equities analysts predict that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date of this dividend is Monday, June 30th. Ladder Capital’s dividend payout ratio is currently 112.20%.

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.