Ladder Capital (NYSE:LADR) Shares Pass Below Fifty Day Moving Average – What’s Next?

Ladder Capital Corp (NYSE:LADR) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.85 and traded as low as $10.37. Ladder Capital shares last traded at $10.3770, with a volume of 865,499 shares.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup reaffirmed a “market outperform” rating on shares of Ladder Capital in a research report on Wednesday, January 21st. Zacks Research lowered shares of Ladder Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Capital One Financial set a $13.00 price objective on shares of Ladder Capital in a report on Wednesday, January 21st. BTIG Research reiterated a “buy” rating and issued a $13.50 price objective on shares of Ladder Capital in a research report on Monday, February 2nd. Finally, Wall Street Zen cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.92.

Ladder Capital Stock Down 1.5%

The stock has a market cap of $1.32 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.01. The company has a current ratio of 29.65, a quick ratio of 29.65 and a debt-to-equity ratio of 2.37. The stock’s 50-day moving average is $10.85 and its 200-day moving average is $10.98.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $0.23 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.9%. Ladder Capital’s dividend payout ratio (DPR) is 180.39%.

Institutional Trading of Ladder Capital

Several institutional investors have recently modified their holdings of LADR. Access Investment Management LLC raised its holdings in shares of Ladder Capital by 28.1% in the 3rd quarter. Access Investment Management LLC now owns 440,384 shares of the real estate investment trust’s stock worth $4,805,000 after purchasing an additional 96,630 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Ladder Capital by 49.8% during the third quarter. Allianz Asset Management GmbH now owns 623,013 shares of the real estate investment trust’s stock worth $6,797,000 after buying an additional 207,167 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Ladder Capital by 81,503.1% during the second quarter. Russell Investments Group Ltd. now owns 372,110 shares of the real estate investment trust’s stock worth $4,000,000 after buying an additional 371,654 shares in the last quarter. Geode Capital Management LLC grew its position in Ladder Capital by 0.8% in the second quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust’s stock worth $28,771,000 after buying an additional 20,022 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Ladder Capital in the third quarter valued at $2,282,000. 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.