Ladder Capital Corp (NYSE:LADR) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Ladder Capital Corp (NYSE:LADR) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $12.29.

A number of equities analysts have issued reports on the company. B. Riley Financial reaffirmed a “buy” rating on shares of Ladder Capital in a report on Monday, October 19th. Weiss Ratings lowered Ladder Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Zacks Research raised Ladder Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Bank of America reissued a “neutral” rating and set a $10.25 target price on shares of Ladder Capital in a research note on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods lowered their target price on Ladder Capital from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Friday, October 9th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LADR. Oppenheimer & Co. Inc. grew its stake in Ladder Capital by 188.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 63,200 shares of the real estate investment trust’s stock valued at $552,000 after buying an additional 41,300 shares in the last quarter. Access Investment Management LLC grew its stake in Ladder Capital by 18.3% during the third quarter. Access Investment Management LLC now owns 571,897 shares of the real estate investment trust’s stock valued at $4,993,000 after acquiring an additional 88,451 shares in the last quarter. Samalin Investment Counsel LLC boosted its stake in Ladder Capital by 10.0% during the third quarter. Samalin Investment Counsel LLC now owns 16,824 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 1,536 shares during the period. Diversify Advisory Services LLC purchased a new position in Ladder Capital during the third quarter worth about $378,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Ladder Capital in the 3rd quarter valued at about $578,000. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Performance

Shares of NYSE:LADR opened at $9.37 on Friday. The firm has a 50 day moving average of $9.34 and a 200-day moving average of $9.98. Ladder Capital has a 12 month low of $8.48 and a 12 month high of $11.48.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Friday, October 16th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $118.90 million during the quarter, compared to the consensus estimate of $79.67 million. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. As a group, equities research analysts predict that Ladder Capital will post 0.82 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend was Wednesday, September 30th.

Ladder Capital Company Profile

Ladder Capital Corp. (NYSE:LADR) is a commercial real estate finance company that operates as a real estate investment trust. Founded in 2008 and headquartered in New York, the company provides financing to commercial property owners and invests in commercial real estate-related assets.

Ladder Capital’s activities include originating and acquiring first mortgage loans, mezzanine loans and other commercial real estate debt, as well as investing in commercial mortgage-backed securities. The company also owns and manages a portfolio of commercial real estate properties, giving it exposure to both real estate lending and property ownership.

The company primarily serves the United States commercial real estate market, with investments and lending activities spanning property types such as office, multifamily, industrial, retail and hospitality.