Ladder Capital Corp (NYSE:LADR) Stock Has Consensus Target Price of $12.36 According to Brokerages

Shares of Ladder Capital Corp (NYSE:LADR) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. One research 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 12-month price target among analysts that have covered the stock in the last year is $12.36.

Several analysts have issued reports on LADR shares. Bank of America reaffirmed a “neutral” rating and issued a $10.25 target price on shares of Ladder Capital in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods decreased their price target on shares of Ladder Capital from $11.00 to $10.75 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ladder Capital in a research note on Friday, August 7th.

Ladder Capital Stock Performance

NYSE LADR opened at $8.62 on Monday. Ladder Capital has a 1 year low of $8.56 and a 1 year high of $11.48. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.93 and a beta of 0.98. The company has a fifty day moving average price of $9.62 and a 200-day moving average price of $9.90. The company has a debt-to-equity ratio of 2.81, a current ratio of 44.15 and a quick ratio of 44.15.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.The business had revenue of $57.76 million during the quarter, compared to the consensus estimate of $56.50 million. During the same quarter last year, the company earned $0.23 EPS. As a group, equities research analysts predict that Ladder Capital will post 0.72 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 10.7%. Ladder Capital’s dividend payout ratio (DPR) is 219.05%.

Hedge Funds Weigh In On Ladder Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC increased its position in Ladder Capital by 473.9% during the first quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust’s stock valued at $3,019,000 after acquiring an additional 255,164 shares during the last quarter. State Street Corp boosted its position in Ladder Capital by 4.5% in the second quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock worth $30,331,000 after purchasing an additional 129,665 shares during the last quarter. Wellington Management Group LLP boosted its position in Ladder Capital by 80.5% in the second quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock worth $35,623,000 after purchasing an additional 1,596,839 shares during the last quarter. FJ Capital Management LLC bought a new stake in shares of Ladder Capital during the 4th quarter valued at about $732,000. Finally, Jupiter Topco LLC bought a new stake in Ladder Capital during the second quarter valued at approximately $543,000. Institutional investors own 62.25% of the company’s stock.

About Ladder Capital

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital’s platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.