Ladder Capital Corp (NYSE:LADR – Get Free Report) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.29.
A number of equities analysts have weighed in on LADR shares. Zacks Research upgraded shares of Ladder Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. B. Riley Financial reaffirmed a “buy” rating on shares of Ladder Capital in a research note on Monday, October 19th. Keefe, Bruyette & Woods reduced their price target on shares of Ladder Capital from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Bank of America reaffirmed a “neutral” rating and issued a $10.25 price objective on shares of Ladder Capital in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded Ladder Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday.
View Our Latest Stock Report on Ladder Capital
Ladder Capital Stock Performance
LADR opened at $9.35 on Friday. The company’s 50 day moving average is $9.31 and its 200 day moving average is $9.97. 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 company has a market cap of $1.19 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.95 and a beta of 0.98. Ladder Capital has a 12-month low of $8.48 and a 12-month high of $11.48.
Ladder Capital (NYSE:LADR – Get Free Report) last released its quarterly earnings results on Friday, October 16th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $118.90 million for the quarter, compared to the consensus estimate of $79.67 million. Ladder Capital had a net margin of 23.70% and a return on equity of 6.98%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. On average, equities research analysts predict that Ladder Capital will post 0.82 EPS for the current year.
Ladder Capital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Ladder Capital’s payout ratio is currently 115.00%.
Institutional Trading of Ladder Capital
Several hedge funds and other institutional investors have recently made changes to their positions in LADR. Public Employees Retirement System of Ohio purchased a new position in Ladder Capital during the 2nd quarter worth $27,000. CENTRAL TRUST Co purchased a new stake in Ladder Capital in the first quarter valued at about $33,000. Versant Capital Management Inc boosted its holdings in Ladder Capital by 161.7% in the third quarter. Versant Capital Management Inc now owns 3,599 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 2,224 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Ladder Capital by 48,988.9% during the first quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 4,409 shares during the last quarter. Finally, KBC Group NV purchased a new position in shares of Ladder Capital in the 1st quarter valued at approximately $51,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.
Ladder Capital Company Profile
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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