Ladder Capital Corp (NYSE:LADR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Ladder Capital Corp (NYSE:LADR) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.75.

A number of research firms recently weighed in on LADR. Keefe, Bruyette & Woods lowered their target price on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings downgraded Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th.

Ladder Capital Stock Down 0.1%

LADR opened at $9.84 on Wednesday. Ladder Capital has a fifty-two week low of $9.61 and a fifty-two week high of $11.92. The company has a debt-to-equity ratio of 2.79, a current ratio of 58.90 and a quick ratio of 58.90. The firm’s fifty day moving average price is $10.06 and its two-hundred day moving average price is $10.29. The company has a market capitalization of $1.25 billion, a P/E ratio of 22.35, a P/E/G ratio of 0.91 and a beta of 0.95.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $51.88 million for the quarter, compared to analyst estimates of $57.03 million. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. During the same quarter in the previous year, the firm posted $0.20 EPS. On average, analysts anticipate that Ladder Capital will post 0.75 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 9.4%. The ex-dividend date was Tuesday, June 30th. Ladder Capital’s dividend payout ratio (DPR) is 209.09%.

Insider Buying and Selling

In related news, insider Robert Perelman sold 17,505 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total value of $179,426.25. Following the sale, the insider owned 428,684 shares of the company’s stock, valued at $4,394,011. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of Ladder Capital by 63.8% in the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 931 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Ladder Capital by 500.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 2,500 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in shares of Ladder Capital during the 1st quarter worth about $33,000. Sunbelt Securities Inc. lifted its holdings in Ladder Capital by 48,988.9% during the 1st quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 4,409 shares during the last quarter. Finally, KBC Group NV bought a new position in Ladder Capital during the 1st quarter valued at about $51,000. 62.25% of the stock is owned by institutional investors.

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.