Brokerages Set Ladder Capital Corp (NYSE:LADR) Target Price at $13.33

Ladder Capital Corp (NYSE:LADR - Get Free Report) has been given an average recommendation of "Buy" by the six analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.33.

Separately, B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a research note on Tuesday.

Ladder Capital Stock Performance

LADR stock traded down $0.21 during mid-day trading on Friday, reaching $10.82. 898,307 shares of the stock traded hands, compared to its average volume of 656,801. The firm has a market capitalization of $1.38 billion, a PE ratio of 14.24 and a beta of 1.92. The business has a 50-day moving average of $11.56 and a two-hundred day moving average of $11.63. Ladder Capital has a 52 week low of $10.10 and a 52 week high of $12.48. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share 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 the consensus estimate of $60.85 million. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. During the same quarter in the prior year, the company earned $0.28 EPS. As a group, equities analysts predict that Ladder Capital will post 1.06 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

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 $0.23 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.50%. Ladder Capital's payout ratio is 121.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quest Partners LLC grew its stake in shares of Ladder Capital by 13,513.5% in the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 7,027 shares during the period. Quarry LP boosted its stake in Ladder Capital by 1,832.9% in the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 7,698 shares in the last quarter. MQS Management LLC bought a new stake in Ladder Capital in the second quarter valued at $128,000. Algert Global LLC bought a new stake in Ladder Capital in the second quarter valued at $130,000. Finally, Mount Yale Investment Advisors LLC raised its stake in Ladder Capital by 24.2% during the third quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust's stock worth $200,000 after acquiring an additional 3,360 shares in the last quarter. 62.25% of the stock is owned by institutional investors.

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.