Ladder Capital Corp (NYSE:LADR) Given Average Recommendation of "Buy" by Analysts

Ladder Capital Corp (NYSE:LADR - Get Free Report) has been given a consensus rating of "Buy" by the six analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.29.

Several equities analysts have recently commented on the stock. B. Riley raised shares of Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. StockNews.com downgraded shares of Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods cut their price objective on Ladder Capital from $13.00 to $12.75 and set an "outperform" rating for the company in a research report on Tuesday, January 14th.

Ladder Capital Price Performance

Ladder Capital stock traded down $0.09 during mid-day trading on Thursday, hitting $11.47. The stock had a trading volume of 642,457 shares, compared to its average volume of 607,071. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The firm's 50 day moving average is $11.51 and its 200 day moving average is $11.51. The firm has a market capitalization of $1.46 billion, a P/E ratio of 13.33 and a beta of 1.91. Ladder Capital has a one year low of $10.21 and a one year high of $12.48.

Remove Ads

Ladder Capital (NYSE:LADR - Get Free Report) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. On average, sell-side analysts forecast that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.02%. The ex-dividend date of this dividend is Monday, March 31st. Ladder Capital's payout ratio is 106.98%.

Hedge Funds Weigh In On Ladder Capital

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in shares of Ladder Capital by 77.6% in the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock valued at $30,043,000 after acquiring an additional 1,172,961 shares during the period. Palogic Value Management L.P. grew its position in shares of Ladder Capital by 9.1% in the 4th quarter. Palogic Value Management L.P. now owns 124,235 shares of the real estate investment trust's stock worth $1,390,000 after buying an additional 10,367 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ladder Capital during the 4th quarter worth approximately $1,643,000. Mackenzie Financial Corp bought a new position in shares of Ladder Capital during the 4th quarter worth approximately $216,000. Finally, PharVision Advisers LLC purchased a new stake in Ladder Capital during the fourth quarter valued at approximately $407,000. 62.25% of the stock is owned by hedge funds and other institutional investors.

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.