Ladder Capital (NYSE:LADR) Sets New 12-Month Low – Here’s What Happened

Ladder Capital Corp (NYSE:LADR) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.60 and last traded at $9.6260, with a volume of 91734 shares trading hands. The stock had previously closed at $9.75.

Analyst Ratings Changes

A number of equities analysts have recently commented on LADR shares. Keefe, Bruyette & Woods cut their price target on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Wall Street Zen raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings downgraded Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ladder Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.75.

Ladder Capital Stock Down 1.6%

The stock has a 50-day moving average price of $10.06 and a 200-day moving average price of $10.28. The company has a debt-to-equity ratio of 2.79, a current ratio of 58.90 and a quick ratio of 58.90. The company has a market capitalization of $1.22 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.91 and a beta of 0.95.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $57.76 million for the quarter, compared to analysts’ expectations of $56.50 million. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.During the same period in the prior year, the business posted $0.23 earnings per share. On average, research analysts predict that Ladder Capital Corp will post 0.75 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Ladder Capital’s dividend payout ratio is currently 209.09%.

Insider Activity at Ladder Capital

In other news, insider Robert Perelman sold 17,505 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total transaction of $179,426.25. Following the completion of the sale, the insider directly owned 428,684 shares in the company, valued at $4,394,011. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 12.60% of the company’s stock.

Hedge Funds Weigh In On Ladder Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Ladder Capital by 63.8% during the fourth quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 931 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Ladder Capital by 500.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 2,500 shares in the last quarter. CENTRAL TRUST Co bought a new position in shares of Ladder Capital in the 1st quarter worth about $33,000. Sunbelt Securities Inc. raised its position in shares of Ladder Capital by 48,988.9% in the 1st quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 4,409 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Ladder Capital by 128.6% in the 3rd quarter. Allworth Financial LP now owns 5,179 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 2,913 shares during the period. Institutional investors and hedge funds own 62.25% of the company’s stock.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.