Ladder Capital (NYSE:LADR) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Ladder Capital Corp (NYSE:LADRGet Free Report)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.93 and traded as low as $9.87. Ladder Capital shares last traded at $9.91, with a volume of 729,652 shares traded.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Ladder Capital from $11.00 to $10.75 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Bank of America restated a “neutral” rating and set a $10.25 price target on shares of Ladder Capital in a report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ladder Capital in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.36.

Check Out Our Latest Report on Ladder Capital

Ladder Capital Price Performance

The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.07 and a beta of 0.95. 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 has a fifty day moving average of $9.92 and a 200-day moving average of $10.11.

Ladder Capital (NYSE:LADRGet Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $57.76 million during the quarter, compared to the consensus estimate of $56.50 million. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. During the same quarter in the previous year, the firm earned $0.23 EPS. On average, equities research analysts predict that Ladder Capital Corp will post 0.72 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Ladder Capital’s payout ratio is presently 219.05%.

Insider Transactions at Ladder Capital

In other Ladder Capital news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total transaction of $179,426.25. Following the transaction, the insider owned 428,684 shares of the company’s stock, valued at $4,394,011. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 12.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LADR. Wellington Management Group LLP boosted its stake in shares of Ladder Capital by 80.5% during 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 buying an additional 1,596,839 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Ladder Capital during the second quarter worth approximately $27,000. Jupiter Topco LLC acquired a new stake in shares of Ladder Capital during the second quarter worth $543,000. Jones Financial Companies Lllp grew its position in Ladder Capital by 65.2% in the 2nd quarter. Jones Financial Companies Lllp now owns 6,961 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 2,748 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Ladder Capital in the 2nd quarter valued at $220,000. 62.25% of the stock is owned by hedge funds and other institutional investors.

About Ladder Capital

(Get Free Report)

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.

See Also

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.