Mercer Global Advisors Inc. ADV Cuts Stock Position in Ladder Capital Corp (NYSE:LADR)

Mercer Global Advisors Inc. ADV trimmed its position in shares of Ladder Capital Corp (NYSE:LADR) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,079 shares of the real estate investment trust’s stock after selling 1,961 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Ladder Capital were worth $784,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC lifted its position in Ladder Capital by 816.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 3,240 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Ladder Capital in the 4th quarter worth $84,000. Janney Montgomery Scott LLC purchased a new position in Ladder Capital during the 4th quarter worth $112,000. Cibc World Markets Corp acquired a new position in Ladder Capital during the 4th quarter valued at about $119,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Ladder Capital in the fourth quarter valued at about $129,000. 62.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LADR shares. Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. StockNews.com lowered shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Two 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 company has a consensus rating of “Moderate Buy” and an average price target of $13.17.

Ladder Capital Stock Performance

LADR opened at $10.40 on Friday. 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 Corp has a 12-month low of $9.68 and a 12-month high of $12.48. The firm has a 50 day moving average of $10.83 and a two-hundred day moving average of $11.26. The firm has a market capitalization of $1.32 billion, a PE ratio of 12.09 and a beta of 1.01.

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

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.85%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is 112.20%.

Ladder Capital 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.