Ladder Capital (NYSE:LADR) Hits New 1-Year High After Analyst Upgrade

Ladder Capital Corp (NYSE:LADR)’s share price hit a new 52-week high during trading on Tuesday after JMP Securities raised their price target on the stock from $12.50 to $13.50. JMP Securities currently has a market outperform rating on the stock. Ladder Capital traded as high as $12.35 and last traded at $12.35, with a volume of 422676 shares trading hands. The stock had previously closed at $12.12.

A number of other research firms also recently commented on LADR. StockNews.com raised shares of Ladder Capital from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 13th. Keefe, Bruyette & Woods dropped their price objective on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. Wolfe Research started coverage on Ladder Capital in a research report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 target price on the stock. Finally, BTIG Research reissued a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a research report on Friday. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ladder Capital has an average rating of “Buy” and a consensus price target of $13.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LADR. Vanguard Group Inc. raised its holdings in shares of Ladder Capital by 0.3% in the first quarter. Vanguard Group Inc. now owns 11,234,757 shares of the real estate investment trust’s stock valued at $125,043,000 after buying an additional 28,602 shares during the last quarter. Jennison Associates LLC increased its position in Ladder Capital by 6.7% in the 1st quarter. Jennison Associates LLC now owns 6,328,026 shares of the real estate investment trust’s stock valued at $70,431,000 after acquiring an additional 397,817 shares during the period. Goldman Sachs Group Inc. raised its stake in Ladder Capital by 2.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,249,770 shares of the real estate investment trust’s stock valued at $37,405,000 after acquiring an additional 62,633 shares during the last quarter. Wellington Management Group LLP lifted its position in Ladder Capital by 16.7% during the 4th quarter. Wellington Management Group LLP now owns 2,051,999 shares of the real estate investment trust’s stock worth $23,619,000 after acquiring an additional 293,615 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Ladder Capital by 137.0% during the 1st quarter. Principal Financial Group Inc. now owns 2,040,278 shares of the real estate investment trust’s stock worth $22,708,000 after acquiring an additional 1,179,494 shares during the period. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Stock Up 1.9 %

The company has a market capitalization of $1.56 billion, a PE ratio of 15.95 and a beta of 1.94. The company has a current ratio of 88.40, a quick ratio of 88.41 and a debt-to-equity ratio of 2.41. The firm has a 50 day simple moving average of $11.28 and a two-hundred day simple moving average of $11.04.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.23 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 7.45%. Ladder Capital’s dividend payout ratio (DPR) is 121.05%.

Ladder Capital Company Profile

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.