Ladder Capital Corp (NYSE:LADR – Get Free Report) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $12.75.
LADR has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their target price on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Weiss Ratings lowered shares of Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd.
View Our Latest Analysis on LADR
Insider Transactions at Ladder Capital
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of LADR. GAMMA Investing LLC increased its stake in shares of Ladder Capital by 63.8% during the fourth quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 931 shares during the period. Capital Square LLC lifted its stake in Ladder Capital by 1.2% in the third quarter. Capital Square LLC now owns 80,894 shares of the real estate investment trust’s stock worth $883,000 after acquiring an additional 986 shares during the last quarter. Seven Mile Advisory lifted its stake in Ladder Capital by 4.0% in the fourth quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 992 shares during the last quarter. Nebula Research & Development LLC grew its holdings in Ladder Capital by 3.1% during the 2nd quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 1,008 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Ladder Capital by 2.6% in the 1st quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 1,026 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.
Ladder Capital Stock Performance
NYSE LADR opened at $9.85 on Wednesday. The company has a debt-to-equity ratio of 2.79, a current ratio of 58.90 and a quick ratio of 58.90. The stock’s 50 day simple moving average is $10.08 and its 200-day simple moving average is $10.34. The company has a market cap of $1.25 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 0.90 and a beta of 0.95. Ladder Capital has a 1-year low of $9.61 and a 1-year high of $11.92.
Ladder Capital (NYSE:LADR – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.The firm had revenue of $51.88 million during the quarter, compared to analysts’ expectations of $57.03 million. During the same period in the previous year, the business earned $0.20 earnings per share. As a group, equities research analysts anticipate that Ladder Capital will post 0.75 EPS for the current fiscal year.
Ladder Capital Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 9.3%. Ladder Capital’s dividend payout ratio (DPR) is presently 209.09%.
About Ladder Capital
Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.
Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.
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