Ladder Capital Corp (NYSE:LADR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ladder Capital Corp (NYSE:LADR) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $12.75.

A number of research firms recently commented on LADR. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Keefe, Bruyette & Woods dropped their price objective on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th.

Insider Buying and Selling

In related news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total transaction of $179,426.25. Following the completion of the sale, the insider owned 428,684 shares in the company, valued at approximately $4,394,011. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.00% of the company’s stock.

Institutional Trading of Ladder Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LADR. SG Americas Securities LLC boosted its stake in Ladder Capital by 116.7% in the 4th quarter. SG Americas Securities LLC now owns 95,414 shares of the real estate investment trust’s stock worth $1,049,000 after buying an additional 51,374 shares during the last quarter. M&T Bank Corp acquired a new stake in Ladder Capital in the 4th quarter worth about $7,943,000. Aptus Capital Advisors LLC boosted its stake in Ladder Capital by 15.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 658,015 shares of the real estate investment trust’s stock worth $7,179,000 after buying an additional 86,916 shares during the last quarter. FJ Capital Management LLC acquired a new stake in Ladder Capital in the 4th quarter worth about $732,000. Finally, Victory Capital Management Inc. boosted its stake in Ladder Capital by 3.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,800,065 shares of the real estate investment trust’s stock worth $30,549,000 after buying an additional 96,813 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Trading Down 0.1%

Shares of LADR stock opened at $10.19 on Friday. Ladder Capital has a fifty-two week low of $9.61 and a fifty-two week high of $11.92. The stock has a market cap of $1.30 billion, a P/E ratio of 23.15, a P/E/G ratio of 0.94 and a beta of 0.95. The business has a fifty day simple moving average of $10.18 and a 200-day simple moving average of $10.48. 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 (NYSE:LADR) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.The business had revenue of $51.88 million during the quarter, compared to analysts’ expectations of $57.03 million. During the same quarter last year, the business posted $0.20 earnings per share. On average, analysts forecast that Ladder Capital will post 0.75 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date is Tuesday, June 30th. 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.