Ladder Capital Corp (NYSE:LADR) Shares Sold by Ruggaard & Associates LLC

Ruggaard & Associates LLC decreased its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,298 shares of the real estate investment trust’s stock after selling 7,343 shares during the quarter. Ruggaard & Associates LLC’s holdings in Ladder Capital were worth $507,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quarry LP raised its stake in Ladder Capital by 1,832.9% during the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 7,698 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Ladder Capital during the fourth quarter worth approximately $112,000. Cibc World Markets Corp acquired a new stake in shares of Ladder Capital during the fourth quarter worth $119,000. Landscape Capital Management L.L.C. acquired a new position in Ladder Capital in the 4th quarter valued at $129,000. Finally, Longboard Asset Management LP purchased a new position in Ladder Capital during the 4th quarter worth $160,000. 62.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reduced 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. StockNews.com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Two 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.29.

Ladder Capital Stock Performance

NYSE LADR opened at $10.61 on Friday. The business has a fifty day moving average of $11.52 and a 200-day moving average of $11.48. Ladder Capital Corp has a fifty-two week low of $10.21 and a fifty-two week high of $12.48. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 12.33 and a beta of 1.44. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05.

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

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 8.68%. Ladder Capital’s dividend payout ratio is presently 106.98%.

About Ladder Capital

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.