Brokerages Set Ladder Capital Corp (NYSE:LADR) Target Price at $13.33

Shares of Ladder Capital Corp (NYSE:LADR) have earned an average rating of “Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $13.33.

Separately, B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quest Partners LLC increased its position in shares of Ladder Capital by 13,513.5% in the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 7,027 shares in the last quarter. Quarry LP boosted its stake in Ladder Capital by 1,832.9% during the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 7,698 shares during the last quarter. MQS Management LLC acquired a new position in Ladder Capital during the second quarter worth $128,000. Algert Global LLC acquired a new position in Ladder Capital during the second quarter worth $130,000. Finally, Mount Yale Investment Advisors LLC lifted its stake in shares of Ladder Capital by 24.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 3,360 shares during the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Price Performance

Shares of LADR opened at $10.81 on Friday. The company has a market cap of $1.38 billion, a PE ratio of 14.22 and a beta of 1.92. The business has a fifty day moving average of $11.56 and a 200 day moving average of $11.64. Ladder Capital has a 52-week low of $10.10 and a 52-week high of $12.48. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The business had revenue of $128.64 million for the quarter, compared to analyst estimates of $60.85 million. During the same quarter last year, the firm posted $0.28 earnings per share. On average, sell-side analysts expect that Ladder Capital will post 1.06 EPS for the current year.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.51%. The ex-dividend date is Tuesday, December 31st. Ladder Capital’s dividend payout ratio is currently 121.05%.

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.