Ruggaard & Associates LLC Trims Stock Holdings in Ladder Capital Corp (NYSE:LADR)

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

A number of other institutional investors have also made changes to their positions in the company. Quarry LP boosted its stake in Ladder Capital by 1,832.9% in the third 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 period. Janney Montgomery Scott LLC bought a new position in shares of Ladder Capital during the 4th quarter valued at about $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 worth approximately $129,000. Finally, Longboard Asset Management LP acquired a new stake in shares of Ladder Capital during the fourth quarter worth approximately $160,000. 62.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Ladder Capital Stock Down 5.4 %

NYSE LADR opened at $10.61 on Friday. 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 stock has a market capitalization of $1.35 billion, a PE ratio of 12.33 and a beta of 1.44. Ladder Capital Corp has a fifty-two week low of $10.21 and a fifty-two week high of $12.48. The business has a fifty day moving average price of $11.52 and a two-hundred day moving average price of $11.48.

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 the consensus estimate of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. Equities analysts expect that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.68%. The ex-dividend date is Monday, March 31st. Ladder Capital’s dividend payout ratio is currently 106.98%.

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.