Zacks Investment Management lessened its position in shares of Ladder Capital Corp (NYSE:LADR) by 11.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 335,632 shares of the real estate investment trust’s stock after selling 44,775 shares during the period. Zacks Investment Management’s holdings in Ladder Capital were worth $5,192,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Ladder Capital by 5.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 385,699 shares of the real estate investment trust’s stock worth $6,025,000 after purchasing an additional 20,994 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Ladder Capital by 31.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 17,197 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 4,100 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Ladder Capital by 11.6% in the 3rd quarter. Wells Fargo & Company MN now owns 371,083 shares of the real estate investment trust’s stock valued at $6,285,000 after acquiring an additional 38,479 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Ladder Capital in the 3rd quarter valued at approximately $327,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Ladder Capital by 151.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 54,167 shares of the real estate investment trust’s stock valued at $917,000 after acquiring an additional 32,619 shares during the last quarter. Institutional investors own 52.60% of the company’s stock.
Separately, Zacks Investment Research downgraded Ladder Capital from a “buy” rating to a “hold” rating in a report on Tuesday, December 25th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $18.00.
Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Wednesday, February 27th. The real estate investment trust reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. Ladder Capital had a return on equity of 14.04% and a net margin of 26.98%. During the same quarter in the prior year, the company posted $0.47 earnings per share. As a group, research analysts anticipate that Ladder Capital Corp will post 1.67 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be paid a dividend of $0.34 per share. This is an increase from Ladder Capital’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date of this dividend is Friday, March 8th. Ladder Capital’s dividend payout ratio is presently 69.74%.
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Ladder Capital Profile
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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