Ladder Capital (NYSE:LADR) Hits New 52-Week Low – Time to Sell?

Ladder Capital Corp (NYSE:LADR) shares hit a new 52-week low on Wednesday . The company traded as low as $9.30 and last traded at $9.2850, with a volume of 72292 shares changing hands. The stock had previously closed at $9.41.

Analyst Ratings Changes

Several research firms recently commented on LADR. 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. Keefe, Bruyette & Woods lowered their price objective on Ladder Capital from $11.00 to $10.75 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ladder Capital in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.36.

Ladder Capital Stock Performance

The firm has a fifty day simple moving average of $9.77 and a 200-day simple moving average of $9.97. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. The company has a market cap of $1.17 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $57.76 million during the quarter, compared to the consensus estimate of $56.50 million. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.During the same period in the previous year, the business earned $0.23 EPS. On average, research analysts forecast that Ladder Capital Corp will post 0.72 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.0%. Ladder Capital’s payout ratio is presently 219.05%.

Institutional Investors Weigh In On Ladder Capital

A number of institutional investors have recently added to or reduced their stakes in LADR. Wellington Management Group LLP boosted its position in shares of Ladder Capital by 80.5% during the 2nd quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock worth $35,623,000 after acquiring an additional 1,596,839 shares in the last quarter. Kestra Advisory Services LLC grew its position in Ladder Capital by 473.9% during the 1st quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust’s stock worth $3,019,000 after acquiring an additional 255,164 shares during the last quarter. State Street Corp increased its stake in shares of Ladder Capital by 4.5% in the second quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock valued at $30,331,000 after buying an additional 129,665 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Ladder Capital by 10.4% during the second quarter. Allianz Asset Management GmbH now owns 1,027,255 shares of the real estate investment trust’s stock valued at $10,221,000 after acquiring an additional 97,147 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Ladder Capital during the 1st quarter worth $791,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Company Profile

Ladder Capital Corp. (NYSE:LADR) is a commercial real estate finance company organized as a real estate investment trust (REIT). The company provides financing to commercial property owners and invests in a portfolio of commercial real estate-related assets, with a focus on generating income from real estate debt and investments.

Its business activities include originating and acquiring first mortgage loans, subordinate or mezzanine loans, commercial mortgage-backed securities and other real estate-related debt investments.