Ladder Capital Corp (NYSE:LADR) Receives Average Rating of “Buy” from Analysts

Ladder Capital Corp (NYSE:LADR) has received a consensus recommendation of “Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $13.00.

A number of equities research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Ladder Capital in a report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 target price on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. BTIG Research reissued a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a report on Friday, July 19th. JMP Securities boosted their target price on shares of Ladder Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Monday. Finally, StockNews.com raised shares of Ladder Capital from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 13th.

Ladder Capital Price Performance

LADR stock opened at $11.83 on Friday. The company has a 50 day simple moving average of $11.30 and a 200 day simple moving average of $11.05. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 15.82 and a beta of 1.94. Ladder Capital has a 1 year low of $9.08 and a 1 year high of $12.41. The company has a debt-to-equity ratio of 2.41, a current ratio of 88.40 and a quick ratio of 88.41.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date was Thursday, June 27th. Ladder Capital’s dividend payout ratio is currently 121.05%.

Institutional Investors Weigh In On Ladder Capital

A number of institutional investors have recently modified their holdings of LADR. Wellington Management Group LLP boosted its stake in Ladder Capital by 0.7% during the third quarter. Wellington Management Group LLP now owns 1,758,384 shares of the real estate investment trust’s stock worth $18,041,000 after acquiring an additional 13,050 shares in the last quarter. Vanguard Group Inc. boosted its stake in Ladder Capital by 0.5% during the third quarter. Vanguard Group Inc. now owns 11,124,634 shares of the real estate investment trust’s stock worth $114,139,000 after acquiring an additional 49,885 shares in the last quarter. HB Wealth Management LLC boosted its stake in Ladder Capital by 7.2% during the fourth quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 935 shares in the last quarter. Raymond James & Associates boosted its stake in Ladder Capital by 8.3% during the fourth quarter. Raymond James & Associates now owns 824,084 shares of the real estate investment trust’s stock worth $9,485,000 after acquiring an additional 63,299 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Ladder Capital by 5.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 490,921 shares of the real estate investment trust’s stock worth $5,651,000 after acquiring an additional 23,600 shares in the last quarter. 62.25% of the stock is owned by 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.