Ladder Capital Corp (NYSE:LADR) Given Consensus Rating of "Moderate Buy" by Analysts

Ladder Capital Corp (NYSE:LADR - Get Free Report) has received an average rating of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $13.33.

A number of equities analysts have issued reports on the company. BTIG Research restated a "buy" rating and set a $13.50 price target on shares of Ladder Capital in a report on Friday, July 19th. Bank of America raised their price target on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. StockNews.com lowered shares of Ladder Capital from a "strong-buy" rating to a "buy" rating in a report on Friday, July 26th. JMP Securities reissued a "market outperform" rating and set a $13.50 price objective on shares of Ladder Capital in a research report on Friday, August 30th. Finally, B. Riley upped their price target on Ladder Capital from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, July 29th.

Ladder Capital Price Performance

Ladder Capital stock remained flat at $11.28 during mid-day trading on Monday. 620,339 shares of the company's stock traded hands, compared to its average volume of 626,281. The firm has a market capitalization of $1.43 billion, a PE ratio of 14.84 and a beta of 1.94. Ladder Capital has a 52-week low of $9.62 and a 52-week high of $12.48. The company has a quick ratio of 76.87, a current ratio of 76.87 and a debt-to-equity ratio of 2.21. The firm's 50 day moving average price is $11.69 and its two-hundred day moving average price is $11.42.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.04. The business had revenue of $128.64 million for the quarter, compared to analysts' expectations of $60.85 million. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. During the same quarter in the prior year, the firm posted $0.28 earnings per share. As a group, analysts forecast that Ladder Capital will post 1 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend was Monday, September 30th. Ladder Capital's payout ratio is 121.05%.

Insider Buying and Selling at Ladder Capital

In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the transaction, the insider now owns 351,453 shares in the company, valued at $4,270,153.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $12.25, for a total value of $612,500.00. Following the sale, the president now owns 548,863 shares of the company's stock, valued at $6,723,571.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Perelman sold 25,000 shares of the firm's 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 completion of the sale, the insider now directly owns 351,453 shares in the company, valued at $4,270,153.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,000 shares of company stock valued at $2,133,250. Company insiders own 12.00% of the company's stock.

Institutional Trading of Ladder Capital

A number of hedge funds have recently bought and sold shares of LADR. Mount Yale Investment Advisors LLC boosted its position in Ladder Capital by 24.2% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust's stock valued at $200,000 after buying an additional 3,360 shares during the period. Axecap Investments LLC bought a new stake in shares of Ladder Capital in the third quarter worth about $438,000. Creative Planning increased its holdings in Ladder Capital by 2.5% during the 3rd quarter. Creative Planning now owns 37,302 shares of the real estate investment trust's stock valued at $433,000 after purchasing an additional 909 shares during the period. SG Americas Securities LLC bought a new position in Ladder Capital during the 3rd quarter valued at approximately $295,000. Finally, Algert Global LLC purchased a new stake in Ladder Capital in the 2nd quarter worth approximately $130,000. Institutional investors own 62.25% of the company's stock.

Ladder Capital Company Profile

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.