Ladder Capital (NYSE:LADR) Cut to "Hold" at StockNews.com

StockNews.com downgraded shares of Ladder Capital (NYSE:LADR - Free Report) from a buy rating to a hold rating in a report released on Monday.

A number of other analysts have also recently issued reports on LADR. B. Riley raised shares of Ladder Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price target 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. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.29.

Ladder Capital Stock Performance

NYSE LADR traded up $0.16 on Monday, hitting $11.83. 602,983 shares of the company traded hands, compared to its average volume of 546,700. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The business's 50 day moving average price is $11.33 and its 200-day moving average price is $11.56. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.75 and a beta of 1.92. Ladder Capital has a 52-week low of $10.20 and a 52-week high of $12.48.

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Ladder Capital (NYSE:LADR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share 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%. Equities analysts expect that Ladder Capital will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 7.78%. Ladder Capital's dividend payout ratio is currently 106.98%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC boosted its stake in Ladder Capital by 1,089.1% during 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 buying an additional 1,400,238 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Ladder Capital by 77.6% during the 4th 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 in the last quarter. Raymond James Financial Inc. bought a new position in shares of Ladder Capital during the 4th quarter valued at approximately $7,981,000. Kovitz Investment Group Partners LLC bought a new position in shares of Ladder Capital during the 3rd quarter valued at approximately $6,907,000. Finally, Norges Bank purchased a new position in shares of Ladder Capital in the fourth quarter valued at $5,764,000. Institutional investors own 62.25% of the company's stock.

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.