Ladder Capital Corp (NYSE:LADR) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of Ladder Capital Corp (NYSE:LADR) by 6.4% during the fourth quarter, Holdings Channel reports. The firm owned 819,965 shares of the real estate investment trust’s stock after selling 55,881 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ladder Capital were worth $9,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in LADR. Comerica Bank acquired a new stake in Ladder Capital in the third quarter worth $33,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Ladder Capital in the 4th quarter worth about $42,000. Tower Research Capital LLC TRC lifted its position in Ladder Capital by 55.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,431 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,575 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new position in Ladder Capital during the 2nd quarter valued at about $103,000. Finally, Acadian Asset Management LLC bought a new position in Ladder Capital in the 1st quarter worth about $93,000. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Trading Down 1.2 %

Shares of NYSE:LADR opened at $10.51 on Friday. The company has a 50 day moving average of $10.79 and a 200-day moving average of $10.82. The company has a current ratio of 64.38, a quick ratio of 64.38 and a debt-to-equity ratio of 2.47. The firm has a market cap of $1.33 billion, a P/E ratio of 12.98 and a beta of 1.92. Ladder Capital Corp has a twelve month low of $8.84 and a twelve month high of $12.00.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Ladder Capital had a return on equity of 9.70% and a net margin of 18.92%. The firm had revenue of $121.27 million during the quarter, compared to the consensus estimate of $63.22 million. During the same period in the prior year, the firm posted $0.28 earnings per share. As a group, analysts anticipate that Ladder Capital Corp will post 1.13 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.75%. The ex-dividend date is Wednesday, March 27th. Ladder Capital’s dividend payout ratio (DPR) is presently 113.58%.

Analyst Ratings Changes

A number of research firms have recently weighed in on LADR. TheStreet cut Ladder Capital from a “b-” rating to a “c” rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods cut their target price on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $12.63.

Ladder Capital 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.