Ladder Capital Corp (NYSE:LADR) Receives $12.75 Average Target Price from Brokerages

Shares of Ladder Capital Corp (NYSE:LADR) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.75.

LADR has been the topic of a number of recent analyst reports. Zacks Research cut Ladder Capital from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Weiss Ratings raised Ladder Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, April 27th. Susquehanna set a $13.00 price target on Ladder Capital in a report on Wednesday, January 21st. Capital One Financial set a $13.00 price target on Ladder Capital in a report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods decreased their price target on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th.

Institutional Investors Weigh In On Ladder Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Ladder Capital by 63.8% in the fourth quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 931 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Ladder Capital by 500.0% in the fourth 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 during the last quarter. CENTRAL TRUST Co bought a new stake in shares of Ladder Capital in the first quarter worth about $33,000. Atlantic Union Bankshares Corp bought a new stake in shares of Ladder Capital in the third quarter worth about $34,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Ladder Capital in the third quarter worth about $35,000. 62.25% of the stock is owned by institutional investors.

Ladder Capital Price Performance

NYSE LADR opened at $10.27 on Friday. The company has a market capitalization of $1.31 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. The company has a debt-to-equity ratio of 2.79, a quick ratio of 58.90 and a current ratio of 58.90. The business’s fifty day moving average is $10.13 and its 200 day moving average is $10.62. Ladder Capital has a fifty-two week low of $9.61 and a fifty-two week high of $11.92.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $51.88 million for the quarter, compared to the consensus estimate of $57.03 million. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.During the same period in the previous year, the business earned $0.20 earnings per share. Sell-side analysts predict that Ladder Capital will post 0.78 earnings per share for the current year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 9.0%. Ladder Capital’s dividend payout ratio (DPR) is currently 209.09%.

Ladder Capital Company Profile

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.