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

Shares of Ladder Capital Corp (NYSE:LADR) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $12.75.

A number of equities research analysts have recently weighed in on LADR shares. Keefe, Bruyette & Woods reduced their price target on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. BTIG Research restated a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a research note on Monday, February 2nd. Zacks Research downgraded shares of Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Wall Street Zen upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings downgraded shares of Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th.

Institutional Investors Weigh In On Ladder Capital

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Ladder Capital by 63.8% during the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 931 shares during the period. Newbridge Financial Services Group Inc. boosted its position in Ladder Capital by 500.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,500 shares during the period. CENTRAL TRUST Co acquired a new stake in Ladder Capital during the 1st quarter worth approximately $33,000. Atlantic Union Bankshares Corp acquired a new stake in Ladder Capital during the 3rd quarter worth approximately $34,000. Finally, Vision Financial Markets LLC acquired a new stake in Ladder Capital during the 3rd quarter worth approximately $35,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Price Performance

LADR stock opened at $10.23 on Tuesday. The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79. Ladder Capital has a 12 month low of $9.61 and a 12 month high of $11.92. The firm has a market cap of $1.30 billion, a P/E ratio of 23.24, a P/E/G ratio of 0.91 and a beta of 0.96. The company’s 50-day moving average price is $10.08 and its two-hundred day moving average price is $10.54.

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

Ladder Capital Dividend Announcement

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

About Ladder Capital

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.