Ladder Capital Corp (NYSE:LADR) Shares Sold by Choreo LLC

Choreo LLC lowered its holdings in Ladder Capital Corp (NYSE:LADR) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,253 shares of the real estate investment trust’s stock after selling 1,186 shares during the period. Choreo LLC’s holdings in Ladder Capital were worth $262,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Creative Planning grew its stake in shares of Ladder Capital by 2.5% in the third quarter. Creative Planning now owns 37,302 shares of the real estate investment trust’s stock worth $433,000 after acquiring an additional 909 shares in the last quarter. Capital Square LLC increased its holdings in Ladder Capital by 2.6% during the 3rd quarter. Capital Square LLC now owns 76,462 shares of the real estate investment trust’s stock worth $887,000 after purchasing an additional 1,953 shares during the period. HB Wealth Management LLC raised its position in Ladder Capital by 13.4% in the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 2,011 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its stake in shares of Ladder Capital by 24.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 3,360 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Ladder Capital by 15.9% during the fourth quarter. SG Americas Securities LLC now owns 29,424 shares of the real estate investment trust’s stock worth $329,000 after buying an additional 4,027 shares in the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Stock Up 0.6 %

LADR stock opened at $11.61 on Friday. The company’s 50 day moving average is $11.35 and its two-hundred day moving average is $11.57. Ladder Capital Corp has a twelve month low of $10.20 and a twelve month high of $12.48. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34. The stock has a market cap of $1.48 billion, a P/E ratio of 13.49 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.78% and a net margin of 21.36%. Research analysts expect that Ladder Capital Corp will post 1.01 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 7.93%. Ladder Capital’s dividend payout ratio is presently 106.98%.

Wall Street Analyst Weigh In

LADR has been the subject of a number of recent research reports. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $13.29.

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.