Shares of Ladder Capital Corp (NASDAQ:LADR) have received an average broker rating score of 1.67 (Buy) from the six brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a strong buy recommendation to the company. Ladder Capital Corp’s rating score has improved by 7.2% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus price objective of $15.00 for the company and are predicting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given Ladder Capital Corp an industry rank of 93 out of 265 based on the ratings given to its competitors.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. JMP Securities reaffirmed a “buy” rating on shares of Ladder Capital Corp in a report on Thursday, July 14th. Finally, Citigroup Inc. upped their price objective on shares of Ladder Capital Corp from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, August 10th.
Institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its position in Ladder Capital Corp by 19.9% in the second quarter. BlackRock Fund Advisors now owns 2,114,009 shares of the company’s stock valued at $25,791,000 after buying an additional 350,424 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Ladder Capital Corp by 17.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 872,116 shares of the company’s stock valued at $10,640,000 after buying an additional 131,834 shares in the last quarter. State Street Corp boosted its position in Ladder Capital Corp by 1.9% in the second quarter. State Street Corp now owns 806,695 shares of the company’s stock valued at $9,840,000 after buying an additional 15,227 shares in the last quarter. BlackRock Investment Management LLC boosted its position in Ladder Capital Corp by 1.9% in the second quarter. BlackRock Investment Management LLC now owns 164,659 shares of the company’s stock valued at $2,009,000 after buying an additional 3,141 shares in the last quarter. Finally, Relative Value Partners Group LLC boosted its position in Ladder Capital Corp by 21.1% in the second quarter. Relative Value Partners Group LLC now owns 134,988 shares of the company’s stock valued at $1,647,000 after buying an additional 23,519 shares in the last quarter.
Ladder Capital Corp (NASDAQ:LADR) opened at 12.40 on Thursday. Ladder Capital Corp has a 52 week low of $8.64 and a 52 week high of $15.27. The stock’s market capitalization is $791.00 million. The firm has a 50 day moving average of $13.12 and a 200-day moving average of $12.51.
Ladder Capital Corp (NASDAQ:LADR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by $0.03. During the same quarter last year, the firm earned $0.51 EPS. On average, equities analysts predict that Ladder Capital Corp will post $1.85 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 12th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 8.87%. The ex-dividend date was Thursday, September 8th.
About Ladder Capital Corp
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment comprises all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities.
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