Adage Capital Partners GP L.L.C. Has $2.24 Million Holdings in Ladder Capital Corp (NYSE:LADR)

Adage Capital Partners GP L.L.C. trimmed its holdings in shares of Ladder Capital Corp (NYSE:LADR) by 51.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,000 shares of the real estate investment trust’s stock after selling 210,000 shares during the period. Adage Capital Partners GP L.L.C. owned 0.16% of Ladder Capital worth $2,238,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of Ladder Capital by 77.6% in the fourth quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust’s stock valued at $30,043,000 after buying an additional 1,172,961 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Ladder Capital in the 4th quarter valued at about $7,981,000. Norges Bank acquired a new stake in Ladder Capital in the 4th quarter valued at about $5,764,000. Franklin Resources Inc. raised its stake in shares of Ladder Capital by 98.9% in the fourth quarter. Franklin Resources Inc. now owns 832,848 shares of the real estate investment trust’s stock worth $9,320,000 after acquiring an additional 414,135 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Ladder Capital during the fourth quarter worth approximately $4,323,000. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Trading Up 0.9 %

NYSE:LADR opened at $10.48 on Wednesday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.18 and a beta of 1.44. Ladder Capital Corp has a 1-year low of $9.68 and a 1-year high of $12.48. The business’s 50-day moving average price is $11.05 and its two-hundred day moving average price is $11.30. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. The firm had revenue of $51.20 million for the quarter, compared to the consensus estimate of $65.15 million. During the same period in the previous year, the business earned $0.33 EPS. On average, equities analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date was Monday, March 31st. Ladder Capital’s dividend payout ratio is currently 112.20%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods cut their price target on Ladder Capital from $12.75 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Finally, B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.17.

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.