Russell Investments Group Ltd. reduced its stake in Ladder Capital Corp (NYSE:LADR) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 388,936 shares of the real estate investment trust’s stock after selling 3,987 shares during the period. Russell Investments Group Ltd. owned about 0.32% of Ladder Capital worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in Ladder Capital by 31.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 32,552 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 7,721 shares during the period. PNC Financial Services Group Inc. boosted its position in Ladder Capital by 4,101.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 87,807 shares of the real estate investment trust’s stock worth $1,495,000 after buying an additional 85,717 shares during the period. AE Wealth Management LLC acquired a new stake in Ladder Capital during the 2nd quarter worth approximately $1,538,000. Advantage Investment Management LLC boosted its position in Ladder Capital by 1,528.8% during the 2nd quarter. Advantage Investment Management LLC now owns 16,418 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 15,410 shares during the period. Finally, Edge Wealth Management LLC boosted its position in Ladder Capital by 14.3% during the 2nd quarter. Edge Wealth Management LLC now owns 69,872 shares of the real estate investment trust’s stock worth $1,165,000 after buying an additional 8,754 shares during the period. Institutional investors own 49.52% of the company’s stock.

Shares of NYSE:LADR traded up $0.04 during mid-day trading on Friday, hitting $17.18. The company had a trading volume of 2,512 shares, compared to its average volume of 524,307. The firm has a fifty day moving average price of $16.86 and a 200 day moving average price of $16.83. The company has a market capitalization of $2.05 billion, a PE ratio of 8.78 and a beta of 0.95. The company has a debt-to-equity ratio of 2.80, a current ratio of 62.27 and a quick ratio of 62.27. Ladder Capital Corp has a one year low of $14.75 and a one year high of $18.82.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.04. The business had revenue of $85.32 million during the quarter, compared to analyst estimates of $83.00 million. Ladder Capital had a net margin of 26.91% and a return on equity of 12.05%. Ladder Capital’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. Research analysts expect that Ladder Capital Corp will post 1.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date of this dividend is Monday, September 9th. Ladder Capital’s dividend payout ratio is 69.74%.

LADR has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Ladder Capital from $18.00 to $17.50 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Zacks Investment Research upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Thursday, September 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $18.50.

About Ladder Capital

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.

Read More: Google Finance

Want to see what other hedge funds are holding LADR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ladder Capital Corp (NYSE:LADR).

Institutional Ownership by Quarter for Ladder Capital (NYSE:LADR)

Receive News & Ratings for Ladder Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital and related companies with MarketBeat.com's FREE daily email newsletter.