Ladder Capital (NYSE:LADR) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Ladder Capital (NYSE:LADR) from a sell rating to a hold rating in a research note released on Saturday.

Several other brokerages also recently issued reports on LADR. HSBC set a $13.00 price objective on Ladder Capital in a research note on Wednesday, January 21st. Citigroup reissued a “market outperform” rating on shares of Ladder Capital in a research note on Wednesday, January 21st. Capital One Financial set a $13.00 price objective on Ladder Capital in a research note on Wednesday, January 21st. BTIG Research reaffirmed a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a research note on Monday, February 2nd. Finally, Keefe, Bruyette & Woods cut their price target on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ladder Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.75.

Ladder Capital Stock Up 0.4%

Shares of Ladder Capital stock opened at $10.33 on Friday. The stock has a 50-day moving average price of $10.14 and a 200 day moving average price of $10.62. The company has a market cap of $1.31 billion, a P/E ratio of 23.47, a P/E/G ratio of 0.94 and a beta of 0.98. The company has a current ratio of 58.90, a quick ratio of 29.65 and a debt-to-equity ratio of 2.79. Ladder Capital has a 1 year low of $9.61 and a 1 year high of $11.92.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $51.88 million during 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 prior year, the business earned $0.20 EPS. As a group, analysts expect that Ladder Capital will post 0.78 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 209.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised 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 acquiring an additional 931 shares in the last quarter. Capital Square LLC raised its stake in shares of Ladder Capital by 1.2% in the 3rd quarter. Capital Square LLC now owns 80,894 shares of the real estate investment trust’s stock valued at $883,000 after acquiring an additional 986 shares in the last quarter. Seven Mile Advisory raised its stake in shares of Ladder Capital by 4.0% in the 4th quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 992 shares in the last quarter. Nebula Research & Development LLC raised its stake in shares of Ladder Capital by 3.1% in the 2nd quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 1,008 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in shares of Ladder Capital by 6.5% in the 3rd quarter. HB Wealth Management LLC now owns 17,623 shares of the real estate investment trust’s stock valued at $192,000 after acquiring an additional 1,082 shares in the last quarter. 62.25% of the stock is owned by 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.