Ladder Capital (NYSE:LADR) Hits New 12-Month Low After Analyst Downgrade

Ladder Capital Corp (NYSE:LADR - Get Free Report)'s stock price reached a new 52-week low during trading on Monday after Keefe, Bruyette & Woods lowered their price target on the stock from $12.75 to $12.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Ladder Capital traded as low as $9.91 and last traded at $10.00, with a volume of 137520 shares traded. The stock had previously closed at $10.60.

Several other brokerages have also recently weighed in on LADR. B. Riley raised shares of Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. StockNews.com lowered shares of Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.17.

Institutional Investors Weigh In On Ladder Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of Ladder Capital by 77.6% in the fourth quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock worth $30,043,000 after acquiring an additional 1,172,961 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Ladder Capital during the 4th quarter worth about $7,981,000. Norges Bank acquired a new position in Ladder Capital in the 4th quarter valued at about $5,764,000. Balyasny Asset Management L.P. lifted its holdings in Ladder Capital by 35.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust's stock valued at $19,896,000 after purchasing an additional 461,739 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Ladder Capital by 98.9% during the 4th quarter. Franklin Resources Inc. now owns 832,848 shares of the real estate investment trust's stock worth $9,320,000 after purchasing an additional 414,135 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company's stock.

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Ladder Capital Trading Down 1.2 %

The business's fifty day moving average price is $11.37 and its 200 day moving average price is $11.39. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. The firm has a market capitalization 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 return on equity of 8.77% and a net margin of 21.36%. As a group, analysts expect that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 9.32%. Ladder Capital's payout ratio is currently 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.