Corient Private Wealth LLC Lowers Stake in Ladder Capital Corp (NYSE:LADR)

Corient Private Wealth LLC cut its stake in Ladder Capital Corp (NYSE:LADR) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,022 shares of the real estate investment trust’s stock after selling 2,548 shares during the period. Corient Private Wealth LLC’s holdings in Ladder Capital were worth $112,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LADR. Charles Schwab Investment Management Inc. boosted its position in Ladder Capital by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust’s stock valued at $18,778,000 after acquiring an additional 45,040 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Ladder Capital by 1,089.1% during the 3rd quarter. Jane Street Group LLC now owns 1,528,802 shares of the real estate investment trust’s stock worth $17,734,000 after purchasing an additional 1,400,238 shares during the last quarter. Barclays PLC lifted its stake in shares of Ladder Capital by 28.3% during the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust’s stock worth $2,382,000 after purchasing an additional 45,294 shares during the last quarter. Victory Capital Management Inc. boosted its position in Ladder Capital by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust’s stock valued at $18,799,000 after purchasing an additional 39,695 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Ladder Capital in the fourth quarter valued at about $4,323,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LADR. Keefe, Bruyette & Woods reduced their price target on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. StockNews.com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Finally, B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.29.

Ladder Capital Stock Performance

LADR opened at $11.43 on Thursday. The stock has a market cap of $1.45 billion, a P/E ratio of 13.29 and a beta of 1.44. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The firm has a fifty day moving average price of $11.52 and a 200 day moving average price of $11.50. Ladder Capital Corp has a 1 year low of $10.21 and a 1 year high of $12.48.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. Equities research analysts anticipate that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.05%. Ladder Capital’s dividend payout ratio is currently 106.98%.

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.