Brokerages Set Ladder Capital Corp (NYSE:LADR) Target Price at $12.36

Ladder Capital Corp (NYSE:LADR) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.3571.

Several equities analysts recently issued reports on LADR shares. Keefe, Bruyette & Woods lowered their price target 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ladder Capital in a research report on Friday, August 7th. Finally, Bank of America reiterated a “neutral” rating and set a $10.25 price target on shares of Ladder Capital in a research note on Wednesday, July 29th.

Ladder Capital Price Performance

Shares of Ladder Capital stock opened at $9.83 on Thursday. The company has a debt-to-equity ratio of 2.81, a current ratio of 44.15 and a quick ratio of 44.15. The company has a market cap of $1.25 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.05 and a beta of 0.96. The firm has a fifty day moving average price of $9.83 and a two-hundred day moving average price of $10.04. Ladder Capital has a fifty-two week low of $9.38 and a fifty-two week high of $11.92.

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

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 9.4%. Ladder Capital’s payout ratio is presently 219.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Ladder Capital in the 2nd quarter worth approximately $27,000. CENTRAL TRUST Co acquired a new stake in Ladder Capital in the 1st quarter valued at $33,000. Sunbelt Securities Inc. boosted its stake in 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 valued at $43,000 after buying an additional 4,409 shares in the last quarter. KBC Group NV bought a new stake in Ladder Capital in the first quarter valued at $51,000. Finally, BROOKFIELD Corp ON grew its position in Ladder Capital by 52.7% in the first quarter. BROOKFIELD Corp ON now owns 5,414 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 1,868 shares during the period. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Company Profile

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.