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

Shares of Ladder Capital Corp (NYSE:LADR) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.33.

Several brokerages recently weighed in on LADR. JMP Securities restated a “market outperform” rating and set a $13.50 target price on shares of Ladder Capital in a report on Friday, August 30th. B. Riley lifted their target price on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods increased their price target on shares of Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Bank of America boosted their price objective on shares of Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, StockNews.com lowered shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th.

Ladder Capital Trading Up 1.2 %

Shares of LADR opened at $11.76 on Friday. Ladder Capital has a fifty-two week low of $10.10 and a fifty-two week high of $12.48. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 15.47 and a beta of 1.94. The firm has a 50 day moving average price of $11.53 and a 200-day moving average price of $11.53. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. The business had revenue of $128.64 million during the quarter, compared to the consensus estimate of $60.85 million. During the same period in the previous year, the firm posted $0.28 earnings per share. As a group, equities research analysts forecast that Ladder Capital will post 1 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.83%. The ex-dividend date was Monday, September 30th. Ladder Capital’s dividend payout ratio is currently 121.05%.

Insider Buying and Selling

In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the completion of the sale, the president now directly owns 548,863 shares in the company, valued at approximately $6,723,571.75. This trade represents a 8.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Perelman sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the transaction, the insider now owns 351,453 shares of the company’s stock, valued at approximately $4,270,153.95. The trade was a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC raised its holdings in Ladder Capital by 13,513.5% during the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 7,027 shares during the period. Quarry LP grew its holdings in Ladder Capital by 1,832.9% during the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 7,698 shares during the last quarter. MQS Management LLC bought a new stake in shares of Ladder Capital during the 2nd quarter worth approximately $128,000. Algert Global LLC purchased a new stake in shares of Ladder Capital during the second quarter valued at $130,000. Finally, SG Americas Securities LLC purchased a new stake in Ladder Capital in the 1st quarter valued at about $148,000. Institutional investors own 62.25% of the company’s stock.

About Ladder Capital

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.