Ladder Capital (NYSE:LADR) Shares Up 3.7%

Ladder Capital Corp (NYSE:LADR) rose 3.7% on Thursday . The stock traded as high as $10.97 and last traded at $10.89. Approximately 471,338 shares traded hands during trading, a decline of 25% from the average daily volume of 630,347 shares. The stock had previously closed at $10.50.

Analyst Ratings Changes

LADR has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their target price on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 10th. TheStreet downgraded Ladder Capital from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $12.63.

Ladder Capital Stock Up 1.9 %

The company has a 50-day moving average price of $10.77 and a 200 day moving average price of $10.86. The firm has a market capitalization of $1.39 billion, a PE ratio of 14.49 and a beta of 1.92. The company has a debt-to-equity ratio of 2.47, a current ratio of 64.38 and a quick ratio of 64.38.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Ladder Capital had a return on equity of 9.26% and a net margin of 18.10%. The firm had revenue of $121.27 million for the quarter, compared to analysts’ expectations of $63.22 million. During the same period in the previous year, the firm posted $0.28 earnings per share. Analysts forecast that Ladder Capital Corp will post 1.13 earnings per share for the current year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.23 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.92 annualized dividend and a dividend yield of 8.36%. Ladder Capital’s dividend payout ratio (DPR) is 121.05%.

Institutional Investors Weigh In On Ladder Capital

Large investors have recently made changes to their positions in the company. Melia Wealth LLC bought a new stake in Ladder Capital during the fourth quarter worth approximately $9,320,000. Norges Bank bought a new stake in Ladder Capital during the fourth quarter worth approximately $8,923,000. Wellington Management Group LLP increased its stake in Ladder Capital by 16.7% during the fourth quarter. Wellington Management Group LLP now owns 2,051,999 shares of the real estate investment trust’s stock worth $23,619,000 after acquiring an additional 293,615 shares during the last quarter. Access Investment Management LLC bought a new stake in Ladder Capital during the fourth quarter worth approximately $3,167,000. Finally, Jennison Associates LLC grew its stake in shares of Ladder Capital by 3.5% during the third quarter. Jennison Associates LLC now owns 6,050,389 shares of the real estate investment trust’s stock valued at $62,077,000 after buying an additional 204,089 shares during the last quarter. 62.25% of the stock is owned by institutional investors.

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.