Ladder Capital Corp (NYSE:LADR) Receives $12.36 Consensus Target Price from Brokerages

Ladder Capital Corp (NYSE:LADR) has been given an average rating of “Hold” by the seven analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.3571.

LADR has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ladder Capital in a report on Friday, August 7th. Bank of America reiterated a “neutral” rating and set a $10.25 price objective on shares of Ladder Capital in a report on Wednesday, July 29th. Wall Street Zen raised Ladder Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Keefe, Bruyette & Woods dropped their target price on Ladder Capital from $11.00 to $10.75 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th.

Insiders Place Their Bets

In other Ladder Capital news, insider Robert Perelman sold 17,505 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total value of $179,426.25. Following the completion of the sale, the insider owned 428,684 shares of the company’s stock, valued at approximately $4,394,011. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.60% of the company’s stock.

Hedge Funds Weigh In On Ladder Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Algert Global LLC acquired a new stake in Ladder Capital in the 2nd quarter worth approximately $220,000. Advisors Capital Management LLC increased its stake in Ladder Capital by 3.3% during the 2nd quarter. Advisors Capital Management LLC now owns 196,727 shares of the real estate investment trust’s stock valued at $1,957,000 after purchasing an additional 6,285 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Ladder Capital by 3.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 54,200 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 2,000 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Ladder Capital in the first quarter worth $224,000. Finally, Access Investment Management LLC raised its holdings in shares of Ladder Capital by 9.9% in the first quarter. Access Investment Management LLC now owns 483,796 shares of the real estate investment trust’s stock worth $4,727,000 after buying an additional 43,412 shares during the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Stock Performance

LADR stock opened at $10.03 on Friday. Ladder Capital has a one year low of $9.38 and a one year high of $11.92. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 2.81, a quick ratio of 44.15 and a current ratio of 44.15. The firm has a 50-day simple moving average of $9.94 and a two-hundred day simple moving average of $10.13.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. The firm had revenue of $57.76 million during the quarter, compared to analyst estimates of $56.50 million. During the same quarter in the previous year, the business posted $0.23 EPS. On average, equities analysts forecast that Ladder Capital will post 0.72 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.23 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 9.2%. Ladder Capital’s dividend payout ratio (DPR) is 219.05%.

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.