Ladder Capital Corp (NYSE:LADR) Receives $13.33 Consensus Price Target from Analysts

Shares of Ladder Capital Corp (NYSE:LADR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $13.33.

A number of research firms have weighed in on LADR. B. Riley raised their price target on Ladder Capital from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, July 29th. StockNews.com downgraded Ladder Capital from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 26th. Bank of America raised their price target on Ladder Capital from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised their price target on Ladder Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a research report on Tuesday, July 30th. Finally, JMP Securities restated a "market outperform" rating and set a $13.50 price target on shares of Ladder Capital in a research report on Friday, August 30th.

Insiders Place Their Bets

In other news, insider Robert Perelman sold 25,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the transaction, the insider now directly owns 351,453 shares in the company, valued at approximately $4,270,153.95. This trade represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Pamela Mccormack sold 50,000 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $612,500.00. Following the completion of the transaction, the president now directly owns 548,863 shares of the company's stock, valued at approximately $6,723,571.75. This represents a 8.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.00% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Ladder Capital by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 11,234,757 shares of the real estate investment trust's stock worth $125,043,000 after acquiring an additional 28,602 shares during the last quarter. Jennison Associates LLC increased its position in shares of Ladder Capital by 1.6% in the 3rd quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust's stock valued at $78,505,000 after purchasing an additional 108,079 shares during the last quarter. State Street Corp increased its position in shares of Ladder Capital by 1.9% in the 3rd quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust's stock valued at $35,411,000 after purchasing an additional 54,598 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Ladder Capital by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust's stock valued at $30,743,000 after purchasing an additional 8,178 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position 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 purchasing an additional 96,573 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company's stock.

Ladder Capital Stock Performance

Shares of Ladder Capital stock traded down $0.01 during trading hours on Friday, reaching $11.74. The company had a trading volume of 687,001 shares, compared to its average volume of 631,754. Ladder Capital has a one year low of $10.10 and a one year high of $12.48. The business has a fifty day simple moving average of $11.52 and a 200 day simple moving average of $11.53. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. The firm has a market cap of $1.50 billion, a PE ratio of 15.47 and a beta of 1.94.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The company had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. During the same quarter last year, the business posted $0.28 earnings per share. On average, analysts anticipate that Ladder Capital will post 1 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date was Monday, September 30th. Ladder Capital's dividend payout ratio (DPR) is currently 121.05%.

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.