Ladder Capital (NYSE:LADR) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Ladder Capital (NYSE:LADR) from a hold rating to a sell rating in a research report report published on Friday.

LADR has been the topic of several other reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ladder Capital in a research report on Monday, December 29th. Citigroup reaffirmed a “market outperform” rating on shares of Ladder Capital in a research note on Wednesday. HSBC set a $13.00 price objective on shares of Ladder Capital in a research note on Wednesday. B. Riley assumed coverage on Ladder Capital in a research note on Monday, January 5th. They set a “buy” rating and a $13.00 price target for the company. Finally, Susquehanna set a $13.00 price objective on Ladder Capital in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.80.

Ladder Capital Trading Down 1.5%

Shares of Ladder Capital stock opened at $11.07 on Friday. Ladder Capital has a fifty-two week low of $9.68 and a fifty-two week high of $11.92. The business’s fifty day moving average is $11.05 and its two-hundred day moving average is $11.06. The company has a quick ratio of 35.60, a current ratio of 35.60 and a debt-to-equity ratio of 2.01. The firm has a market cap of $1.41 billion, a PE ratio of 17.56, a P/E/G ratio of 7.07 and a beta of 1.01.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Ladder Capital had a return on equity of 6.70% and a net margin of 19.26%.The firm had revenue of $57.44 million during the quarter, compared to analyst estimates of $62.90 million. During the same period in the prior year, the firm posted $0.30 earnings per share. Analysts anticipate that Ladder Capital will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders 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 dividend on an annualized basis and a yield of 8.3%. Ladder Capital’s payout ratio is currently 146.03%.

Institutional Trading of Ladder Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in 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 valued at $26,000 after purchasing an additional 931 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Ladder Capital by 500.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 2,500 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Ladder Capital during the 3rd quarter valued at approximately $34,000. Vision Financial Markets LLC acquired a new stake in shares of Ladder Capital during the third quarter worth approximately $35,000. Finally, CWM LLC grew its position in shares of Ladder Capital by 192.4% during the second quarter. CWM LLC now owns 3,798 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 2,499 shares in the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

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.