Keefe, Bruyette & Woods Has Lowered Expectations for Ladder Capital (NYSE:LADR) Stock Price

Ladder Capital (NYSE:LADR - Free Report) had its target price lowered by Keefe, Bruyette & Woods from $13.00 to $12.75 in a research note issued to investors on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the real estate investment trust's stock.

Separately, B. Riley raised Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ladder Capital presently has an average rating of "Buy" and an average price target of $13.29.

Ladder Capital Trading Up 1.7 %

Shares of Ladder Capital stock traded up $0.18 on Tuesday, hitting $10.99. The stock had a trading volume of 751,542 shares, compared to its average volume of 656,574. The stock has a 50 day moving average of $11.55 and a 200 day moving average of $11.63. The firm has a market capitalization of $1.40 billion, a P/E ratio of 14.46 and a beta of 1.92. Ladder Capital has a twelve month low of $10.10 and a twelve month high of $12.48. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $128.64 million during the quarter, compared to analysts' expectations of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same period in the prior year, the company posted $0.28 EPS. Sell-side analysts expect that Ladder Capital will post 1.06 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.37%. The ex-dividend date is Tuesday, December 31st. Ladder Capital's dividend payout ratio is presently 121.05%.

Institutional Trading of Ladder Capital

A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of Ladder Capital by 5.0% during the 3rd 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 purchasing an additional 96,573 shares in the last quarter. Franklin Resources Inc. lifted its stake in Ladder Capital by 23.1% in the third quarter. Franklin Resources Inc. now owns 418,713 shares of the real estate investment trust's stock valued at $4,698,000 after buying an additional 78,562 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ladder Capital by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust's stock worth $30,743,000 after buying an additional 8,178 shares in the last quarter. Barclays PLC grew its position in shares of Ladder Capital by 28.3% during the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust's stock worth $2,382,000 after buying an additional 45,294 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Ladder Capital by 17.4% in the 3rd quarter. MML Investors Services LLC now owns 37,565 shares of the real estate investment trust's stock valued at $436,000 after acquiring an additional 5,575 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Company Profile

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.