Ladder Capital (NYSE:LADR) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Shares of Ladder Capital Corp (NYSE:LADR) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $9.34 and traded as high as $9.40. Ladder Capital shares last traded at $9.3650, with a volume of 3,246,634 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LADR shares. Keefe, Bruyette & Woods reduced their price target on Ladder Capital from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Bank of America restated a “neutral” rating and set a $10.25 price objective on shares of Ladder Capital in a report on Wednesday, July 29th. Weiss Ratings downgraded Ladder Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Zacks Research upgraded Ladder Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ladder Capital in a research note on Monday, October 19th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.29.

Ladder Capital Trading Up 0.8%

The company’s fifty day moving average price is $9.34 and its two-hundred day moving average price is $9.98.

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

Ladder Capital Announces Dividend

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

Hedge Funds Weigh In On Ladder Capital

A number of large investors have recently bought and sold shares of LADR. Oppenheimer & Co. Inc. boosted its holdings in shares of 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 purchasing an additional 41,300 shares during the last quarter. Access Investment Management LLC grew its stake in shares of Ladder Capital by 18.3% during the 3rd quarter. Access Investment Management LLC now owns 571,897 shares of the real estate investment trust’s stock valued at $4,993,000 after buying an additional 88,451 shares during the period. Samalin Investment Counsel LLC grew its stake in shares of Ladder Capital by 10.0% during the 3rd 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 stake in shares of Ladder Capital during the 3rd quarter valued at $378,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Ladder Capital during the 3rd quarter worth $578,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.

About Ladder Capital

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.