Ladder Capital Corp (NYSE:LADR) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in Ladder Capital Corp (NYSE:LADR) by 37.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,833 shares of the real estate investment trust’s stock after selling 32,830 shares during the period. Teacher Retirement System of Texas’ holdings in Ladder Capital were worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in Ladder Capital by 77.6% in the fourth quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust’s stock valued at $30,043,000 after purchasing an additional 1,172,961 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Ladder Capital in the 4th quarter valued at $7,981,000. Norges Bank purchased a new position in shares of Ladder Capital in the 4th quarter valued at $5,764,000. Balyasny Asset Management L.P. raised its stake in Ladder Capital by 35.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust’s stock worth $19,896,000 after acquiring an additional 461,739 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Ladder Capital by 98.9% in the fourth quarter. Franklin Resources Inc. now owns 832,848 shares of the real estate investment trust’s stock valued at $9,320,000 after acquiring an additional 414,135 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Stock Performance

NYSE LADR opened at $11.08 on Wednesday. Ladder Capital Corp has a 52-week low of $9.68 and a 52-week high of $12.48. The business’s 50-day moving average price is $10.68 and its 200 day moving average price is $10.96. The company has a quick ratio of 48.71, a current ratio of 48.72 and a debt-to-equity ratio of 1.83. The firm has a market cap of $1.42 billion, a P/E ratio of 13.51, a P/E/G ratio of 3.35 and a beta of 1.00.

Ladder Capital (NYSE:LADR) last issued 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). The company had revenue of $51.20 million for the quarter, compared to analyst estimates of $65.15 million. Ladder Capital had a return on equity of 7.82% and a net margin of 21.81%. During the same period in the prior year, the business earned $0.33 earnings per share. On average, equities research analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.31%. The ex-dividend date was Monday, June 30th. Ladder Capital’s payout ratio is 112.20%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LADR shares. Keefe, Bruyette & Woods raised their price objective on Ladder Capital from $11.50 to $11.75 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Wall Street Zen downgraded Ladder Capital from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ladder Capital has an average rating of “Moderate Buy” and a consensus target price of $13.15.

Ladder Capital Company Profile

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.