Ladder Capital (NYSE:LADR) Sees Unusually-High Trading Volume - Here's What Happened

Ladder Capital Corp (NYSE:LADR - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 624,662 shares changed hands during trading, an increase of 20% from the previous session's volume of 521,263 shares.The stock last traded at $11.07 and had previously closed at $11.21.

Analyst Ratings Changes

A number of brokerages recently issued reports on LADR. Keefe, Bruyette & Woods reduced their price target on Ladder Capital from $13.00 to $12.75 and set an "outperform" rating on the stock in a report on Tuesday, January 14th. B. Riley upgraded Ladder Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $13.29.

Ladder Capital Price Performance

The stock has a market cap of $1.50 billion, a PE ratio of 15.43 and a beta of 1.92. The business has a fifty day simple moving average of $11.37 and a two-hundred day simple moving average of $11.59. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. Research analysts forecast that Ladder Capital Corp will post 1.04 earnings per share for the current year.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.23 per share. 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 7.85%. Ladder Capital's dividend payout ratio (DPR) is currently 121.05%.

Institutional Investors Weigh In On Ladder Capital

Several hedge funds have recently bought and sold shares of LADR. Quest Partners LLC lifted its holdings in shares of Ladder Capital by 13,513.5% during the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 7,027 shares during the last quarter. Quarry LP raised its stake in Ladder Capital by 1,832.9% during the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 7,698 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Ladder Capital in the fourth quarter worth $112,000. Algert Global LLC purchased a new stake in shares of Ladder Capital in the second quarter worth $130,000. Finally, Longboard Asset Management LP bought a new position in shares of Ladder Capital during the fourth quarter valued at $160,000. 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.