Ladder Capital Corp (NYSE:LADR - Free Report) - Equities research analysts at B. Riley lowered their FY2024 earnings estimates for Ladder Capital in a research report issued to clients and investors on Monday, January 27th. B. Riley analyst R. Binner now expects that the real estate investment trust will earn $1.05 per share for the year, down from their prior forecast of $1.06. B. Riley has a "Strong-Buy" rating on the stock. The consensus estimate for Ladder Capital's current full-year earnings is $1.04 per share. B. Riley also issued estimates for Ladder Capital's Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.29 EPS and Q4 2025 earnings at $0.33 EPS.
Separately, Keefe, Bruyette & Woods dropped their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an "outperform" rating for the company in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $13.29.
View Our Latest Stock Analysis on LADR
Ladder Capital Stock Performance
Shares of LADR traded down $0.06 on Tuesday, reaching $11.21. 512,962 shares of the stock traded hands, compared to its average volume of 533,633. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 14.75 and a beta of 1.92. Ladder Capital has a 12 month low of $10.10 and a 12 month high of $12.48. The stock's 50-day moving average price is $11.42 and its 200-day moving average price is $11.61. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44.
Hedge Funds Weigh In On Ladder Capital
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC raised its position in Ladder Capital by 1.6% in the 3rd quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust's stock worth $78,505,000 after purchasing an additional 108,079 shares during the last quarter. State Street Corp raised its position in shares of Ladder Capital by 1.9% during the third quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust's stock worth $35,411,000 after acquiring an additional 54,598 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Ladder Capital by 0.3% during the third quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust's stock valued at $30,743,000 after acquiring an additional 8,178 shares during the period. Principal Financial Group Inc. boosted its holdings in Ladder Capital by 5.0% in the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust's stock valued at $23,434,000 after acquiring an additional 96,573 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Ladder Capital by 1.0% in the third quarter. Victory Capital Management Inc. now owns 1,640,319 shares of the real estate investment trust's stock valued at $19,028,000 after acquiring an additional 15,938 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company's stock.
Ladder Capital Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.23 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.21%. Ladder Capital's dividend payout ratio (DPR) is presently 121.05%.
About Ladder Capital
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Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.
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