Ladder Capital Corp (NYSE:LADR) Stock Has Average Target Price of $12.36

Ladder Capital Corp (NYSE:LADR – Get Free Report) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.36.

Several research firms have recently issued reports on LADR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ladder Capital in a research note on Friday, August 7th. Bank of America reiterated a “neutral” rating and set a $10.25 target price on shares of Ladder Capital in a research report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Ladder Capital from $11.00 to $10.75 and set an “outperform” rating on the stock in a report on Tuesday, July 28th.

Check Out Our Latest Analysis on LADR

Hedge Funds Weigh In On Ladder Capital

A number of hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC grew its holdings in Ladder Capital by 473.9% during the 1st quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust’s stock worth $3,019,000 after acquiring an additional 255,164 shares during the period. State Street Corp raised its position in shares of Ladder Capital by 4.5% in the 2nd quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock worth $30,331,000 after acquiring an additional 129,665 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Ladder Capital by 80.5% in the 2nd quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock valued at $35,623,000 after purchasing an additional 1,596,839 shares during the period. Jupiter Topco LLC acquired a new position in shares of Ladder Capital in the 2nd quarter valued at about $543,000. Finally, FJ Capital Management LLC bought a new stake in shares of Ladder Capital during the 4th quarter valued at about $732,000. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Trading Up 0.1%

Shares of LADR stock opened at $8.62 on Monday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 20.54, a P/E/G ratio of 0.92 and a beta of 0.98. Ladder Capital has a twelve month low of $8.56 and a twelve month high of $11.48. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. The stock’s fifty day simple moving average is $9.62 and its 200 day simple moving average is $9.90.

Ladder Capital (NYSE:LADR – Get Free Report) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.The firm had revenue of $57.76 million during the quarter, compared to the consensus estimate of $56.50 million. During the same period last year, the company earned $0.23 earnings per share. As a group, sell-side analysts predict that Ladder Capital will post 0.72 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 10.7%. Ladder Capital’s payout ratio is currently 219.05%.

Ladder Capital Company Profile

(Get Free Report)

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital’s platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.

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Analyst Recommendations for Ladder Capital (NYSE:LADR)

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