Ladder Capital Corp (NYSE:LADR) Receives $13.29 Average PT from Analysts

Shares of Ladder Capital Corp (NYSE:LADR - Get Free Report) have been assigned an average rating of "Buy" from the six ratings firms that are currently covering the company, Marketbeat.com reports. One investment 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 brokerages that have covered the stock in the last year is $13.29.

LADR has been the topic of a number of analyst reports. StockNews.com lowered shares of Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an "outperform" rating on the stock in a research note on Tuesday, January 14th.

Institutional Investors Weigh In On Ladder Capital

Institutional investors have recently made changes to their positions in the company. Creative Planning boosted its holdings in Ladder Capital by 2.5% in the third quarter. Creative Planning now owns 37,302 shares of the real estate investment trust's stock worth $433,000 after purchasing an additional 909 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Ladder Capital by 16.4% in the 3rd quarter. QRG Capital Management Inc. now owns 160,157 shares of the real estate investment trust's stock valued at $1,858,000 after buying an additional 22,559 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Ladder Capital by 5.0% in 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 buying an additional 96,573 shares during the period. Access Investment Management LLC boosted its holdings in shares of Ladder Capital by 2.3% in the 3rd quarter. Access Investment Management LLC now owns 282,919 shares of the real estate investment trust's stock valued at $3,282,000 after buying an additional 6,241 shares during the period. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of Ladder Capital by 27.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 376,784 shares of the real estate investment trust's stock valued at $4,371,000 after buying an additional 81,233 shares during the period. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Stock Down 0.4 %

Shares of LADR traded down $0.05 during mid-day trading on Friday, reaching $11.82. 546,994 shares of the stock traded hands, compared to its average volume of 592,615. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 13.74 and a beta of 1.92. The stock has a fifty day simple moving average of $11.34 and a 200 day simple moving average of $11.56. Ladder Capital has a 12-month low of $10.21 and a 12-month high of $12.48. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05.

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

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital's dividend payout ratio is presently 106.98%.

About Ladder Capital

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.