Ladder Capital (NYSE:LADR) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Ladder Capital Corp (NYSE:LADR – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $9.34 and traded as high as $9.40. Ladder Capital shares last traded at $9.3650, with a volume of 3,246,634 shares traded.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LADR. Keefe, Bruyette & Woods reduced their price target on shares of Ladder Capital from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Friday, October 9th. Bank of America restated a “neutral” rating and set a $10.25 price target on shares of Ladder Capital in a research note on Wednesday, July 29th. B. Riley Financial restated a “buy” rating on shares of Ladder Capital in a report on Monday, October 19th. Weiss Ratings raised shares of Ladder Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Zacks Research raised shares of Ladder Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.29.

Check Out Our Latest Stock Analysis on Ladder Capital

Ladder Capital Stock Down 0.2%

The company has a current ratio of 49.90, a quick ratio of 44.15 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $1.19 billion, a PE ratio of 11.01, a P/E/G ratio of 0.95 and a beta of 0.98. The stock’s fifty day simple moving average is $9.31 and its 200-day simple moving average is $9.97.

Ladder Capital (NYSE:LADR – Get Free Report) last announced its earnings results on Friday, October 16th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Ladder Capital had a net margin of 23.70% and a return on equity of 6.98%. The company had revenue of $118.90 million during the quarter, compared to the consensus estimate of $79.67 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, sell-side analysts forecast that Ladder Capital Corp will post 0.82 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date was Wednesday, September 30th. Ladder Capital’s payout ratio is presently 115.00%.

Institutional Trading of Ladder Capital

A number of hedge funds have recently bought and sold shares of LADR. Wellington Management Group LLP lifted its stake in Ladder Capital by 80.5% in the second quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock worth $35,623,000 after acquiring an additional 1,596,839 shares during the period. Kestra Advisory Services LLC lifted its position in Ladder Capital by 473.9% during the first quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust’s stock valued at $3,019,000 after buying an additional 255,164 shares during the period. State Street Corp boosted its holdings in shares of Ladder Capital by 4.5% during the 2nd quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock valued at $30,331,000 after buying an additional 129,665 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Ladder Capital by 10.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,027,255 shares of the real estate investment trust’s stock valued at $10,221,000 after buying an additional 97,147 shares in the last quarter. Finally, Access Investment Management LLC boosted its stake in Ladder Capital by 18.3% during the third quarter. Access Investment Management LLC now owns 571,897 shares of the real estate investment trust’s stock worth $4,993,000 after acquiring an additional 88,451 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors.

About Ladder Capital

(Get Free Report)

Ladder Capital Corp. (NYSE:LADR) is a commercial real estate finance company that operates as a real estate investment trust. Founded in 2008 and headquartered in New York, the company provides financing to commercial property owners and invests in commercial real estate-related assets.

Ladder Capital’s activities include originating and acquiring first mortgage loans, mezzanine loans and other commercial real estate debt, as well as investing in commercial mortgage-backed securities. The company also owns and manages a portfolio of commercial real estate properties, giving it exposure to both real estate lending and property ownership.

The company primarily serves the United States commercial real estate market, with investments and lending activities spanning property types such as office, multifamily, industrial, retail and hospitality.

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