Ladder Capital (NYSE:LADR) Upgraded at StockNews.com

StockNews.com upgraded shares of Ladder Capital (NYSE:LADR) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.

LADR has been the topic of several other research reports. Wolfe Research initiated coverage on shares of Ladder Capital in a research note on Tuesday. They set an outperform rating and a $13.00 target price on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Ladder Capital from $12.75 to $12.50 and set an outperform rating on the stock in a research note on Wednesday, April 10th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of $12.70.

Ladder Capital Trading Up 0.1 %

Shares of LADR opened at $11.29 on Tuesday. Ladder Capital has a 52-week low of $9.08 and a 52-week high of $12.00. The company has a quick ratio of 88.41, a current ratio of 88.40 and a debt-to-equity ratio of 2.41. The firm’s fifty day moving average is $11.07 and its two-hundred day moving average is $11.05. The stock has a market cap of $1.43 billion, a PE ratio of 14.86 and a beta of 1.92.

Ladder Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 8.15%. Ladder Capital’s payout ratio is 121.05%.

Institutional Trading of Ladder Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Ladder Capital in the 1st quarter valued at about $148,000. HB Wealth Management LLC raised its holdings in Ladder Capital by 7.2% in the 4th quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 935 shares during the period. Quest Partners LLC purchased a new stake in Ladder Capital in the 4th quarter valued at about $186,000. Peak Financial Management Inc. purchased a new stake in Ladder Capital in the 4th quarter valued at about $228,000. Finally, ProShare Advisors LLC raised its holdings in Ladder Capital by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 1,602 shares during the period. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

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.