Boston Partners reduced its stake in shares of Ladder Capital Corp (NYSE:LADR) by 46.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,813 shares of the real estate investment trust’s stock after selling 62,624 shares during the quarter. Boston Partners’ holdings in Ladder Capital were worth $1,257,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in Ladder Capital by 31.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 32,552 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 7,721 shares during the last quarter. Rhumbline Advisers grew its position in shares of Ladder Capital by 9.7% during the 3rd quarter. Rhumbline Advisers now owns 162,109 shares of the real estate investment trust’s stock worth $2,800,000 after buying an additional 14,382 shares during the period. Advantage Investment Management LLC grew its position in shares of Ladder Capital by 1,528.8% during the 2nd quarter. Advantage Investment Management LLC now owns 16,418 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 15,410 shares during the period. Aptus Capital Advisors LLC raised its stake in shares of Ladder Capital by 18.6% during the second quarter. Aptus Capital Advisors LLC now owns 37,448 shares of the real estate investment trust’s stock worth $622,000 after buying an additional 5,863 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Ladder Capital during the third quarter worth approximately $190,000. 50.15% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. Compass Point started coverage on shares of Ladder Capital in a research note on Monday. They issued a “buy” rating and a $19.10 price objective on the stock. Zacks Investment Research lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Saturday, October 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.87.
Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, November 7th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Ladder Capital had a net margin of 22.51% and a return on equity of 10.58%. The company had revenue of $69.05 million during the quarter, compared to analyst estimates of $72.31 million. During the same period in the previous year, the company posted $0.59 EPS. The company’s quarterly revenue was down 44.7% compared to the same quarter last year. Analysts expect that Ladder Capital Corp will post 1.42 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 10th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.83%. Ladder Capital’s dividend payout ratio (DPR) is presently 69.74%.
About Ladder Capital
Ladder Capital Corp operates as a real estate investment trust in the United States. The company 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.
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