Ladder Capital Corp (NYSE:LADR) Receives $12.36 Consensus Target Price from Analysts

Shares of Ladder Capital Corp (NYSE:LADR) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $12.3571.

Several brokerages recently issued reports on LADR. Keefe, Bruyette & Woods cut their price target on shares of Ladder Capital from $11.00 to $10.75 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ladder Capital in a research note on Friday, August 7th. Finally, Bank of America reissued a “neutral” rating and issued a $10.25 target price on shares of Ladder Capital in a report on Wednesday, July 29th.

Ladder Capital Stock Performance

Shares of NYSE:LADR opened at $9.79 on Thursday. The business’s fifty day moving average price is $9.83 and its two-hundred day moving average price is $10.03. Ladder Capital has a fifty-two week low of $9.38 and a fifty-two week high of $11.88. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 2.81, a current ratio of 44.15 and a quick ratio of 44.15.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.The company had revenue of $57.76 million during the quarter, compared to analysts’ expectations of $56.50 million. During the same period last year, the business earned $0.23 earnings per share. As a group, analysts predict that Ladder Capital will post 0.72 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 9.4%. The ex-dividend date was Tuesday, June 30th. Ladder Capital’s dividend payout ratio is presently 219.05%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in Ladder Capital by 111.7% during the 1st quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust’s stock worth $253,000 after acquiring an additional 11,709 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Ladder Capital in the first quarter worth about $209,000. Jane Street Group LLC lifted its position in shares of Ladder Capital by 997.0% during the first quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock worth $2,056,000 after purchasing an additional 163,800 shares in the last quarter. Norges Bank acquired a new position in shares of Ladder Capital during the second quarter worth approximately $1,133,000. Finally, Marshall Wace LLP bought a new stake in shares of Ladder Capital during the second quarter valued at approximately $183,000. 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.