Ladder Capital (NYSE:LADR) Stock Rating Raised to Hold at Zacks Research

Zacks Research upgraded shares of Ladder Capital (NYSE:LADR) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks reports.

A number of other equities analysts have also issued reports on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Ladder Capital from $11.00 to $10.75 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Bank of America reiterated a “neutral” rating and set a $10.25 price target on shares of Ladder Capital in a research report on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ladder Capital in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.36.

Ladder Capital Trading Up 2.1%

Shares of Ladder Capital stock opened at $8.70 on Monday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98. Ladder Capital has a 12-month low of $8.48 and a 12-month high of $11.48. 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 50-day simple moving average of $9.58 and a 200 day simple moving average of $9.88.

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

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.92 annualized dividend and a yield of 10.6%. Ladder Capital’s payout ratio is presently 219.05%.

Hedge Funds Weigh In On Ladder Capital

A number of large investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its holdings 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 buying an additional 1,596,839 shares during the period. Kestra Advisory Services LLC lifted its holdings 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 purchasing an additional 255,164 shares during the last quarter. State Street Corp boosted its stake in Ladder Capital by 4.5% in the 2nd quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock valued at $30,331,000 after purchasing an additional 129,665 shares during the period. Allianz Asset Management GmbH increased its position in Ladder Capital by 10.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,027,255 shares of the real estate investment trust’s stock worth $10,221,000 after buying an additional 97,147 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Ladder Capital during the first quarter worth $791,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.

About Ladder Capital

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital’s platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.