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

Shares of Ladder Capital Corp (NYSE:LADR - Get Free Report) have received an average rating of "Buy" from the six brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.29.

Several research firms have issued reports on LADR. B. Riley raised Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods cut their target price on Ladder Capital from $13.00 to $12.75 and set an "outperform" rating for the company in a research note on Tuesday, January 14th.

Ladder Capital Price Performance

Shares of NYSE LADR traded up $0.06 during midday trading on Wednesday, hitting $11.79. The stock had a trading volume of 674,478 shares, compared to its average volume of 557,556. Ladder Capital has a 1 year low of $10.10 and a 1 year 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. The company has a market capitalization of $1.50 billion, a PE ratio of 13.71 and a beta of 1.92. The stock has a 50 day simple moving average of $11.36 and a 200-day simple moving average of $11.58.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.78%. On average, sell-side analysts expect that Ladder Capital will post 1.01 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 7.80%. Ladder Capital's dividend payout ratio is currently 106.98%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LADR. Jane Street Group LLC boosted its holdings in Ladder Capital by 1,089.1% in the third quarter. Jane Street Group LLC now owns 1,528,802 shares of the real estate investment trust's stock valued at $17,734,000 after purchasing an additional 1,400,238 shares during the period. Raymond James Financial Inc. purchased a new stake in Ladder Capital during the 4th quarter worth about $7,981,000. Kovitz Investment Group Partners LLC purchased a new stake in Ladder Capital during the 3rd quarter worth about $6,907,000. Allspring Global Investments Holdings LLC purchased a new stake in Ladder Capital during the 4th quarter worth about $4,323,000. Finally, Millennium Management LLC lifted its holdings in Ladder Capital by 92.0% during the 2nd quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust's stock worth $8,332,000 after buying an additional 353,530 shares during the last quarter. 62.25% of the stock is currently owned by hedge funds and other 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.