Ladder Capital (NYSE:LADR - Free Report) had its price target cut by Keefe, Bruyette & Woods from $12.75 to $12.00 in a report released on Monday,Benzinga reports. They currently have an outperform rating on the real estate investment trust's stock.
Other equities research analysts have also issued research reports about the stock. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. StockNews.com lowered shares of Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.17.
Read Our Latest Stock Report on LADR
Ladder Capital Stock Down 1.2 %
Ladder Capital stock traded down $0.12 during midday trading on Monday, hitting $9.88. 744,616 shares of the company were exchanged, compared to its average volume of 620,517. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. Ladder Capital has a fifty-two week low of $9.68 and a fifty-two week high of $12.48. The company's fifty day moving average price is $11.37 and its 200-day moving average price is $11.39. The company has a market cap of $1.26 billion, a PE ratio of 11.48 and a beta of 1.44.
Ladder Capital (NYSE:LADR - Get Free Report) last announced its earnings results 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%. On average, research analysts predict that Ladder Capital will post 1.03 EPS for the current fiscal year.
Ladder Capital Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 9.32%. The ex-dividend date is Monday, March 31st. Ladder Capital's dividend payout ratio (DPR) is presently 106.98%.
Hedge Funds Weigh In On Ladder Capital
Several hedge funds have recently made changes to their positions in LADR. GAMMA Investing LLC boosted its stake in Ladder Capital by 1,364.2% in the 1st quarter. GAMMA Investing LLC now owns 18,302 shares of the real estate investment trust's stock worth $209,000 after purchasing an additional 17,052 shares during the period. Versant Capital Management Inc purchased a new position in Ladder Capital during the 1st quarter valued at about $38,000. Wellington Management Group LLP increased its stake in 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 buying an additional 1,172,961 shares during the period. Palogic Value Management L.P. increased its stake in shares of Ladder Capital by 9.1% in the fourth quarter. Palogic Value Management L.P. now owns 124,235 shares of the real estate investment trust's stock worth $1,390,000 after acquiring an additional 10,367 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ladder Capital during the 4th quarter worth about $1,643,000. Institutional investors and hedge funds own 62.25% of the company's stock.
About Ladder Capital
(
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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.
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