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

Shares of Ladder Capital Corp (NYSE:LADR) have earned an average rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.29.

Several research analysts have recently commented on LADR shares. Keefe, Bruyette & Woods lowered their price target on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. StockNews.com downgraded shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th.

Institutional Trading of Ladder Capital

A number of institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Ladder Capital during the fourth quarter worth approximately $1,643,000. Mackenzie Financial Corp purchased a new stake in shares of Ladder Capital during the 4th quarter worth approximately $216,000. PharVision Advisers LLC acquired a new position in shares of Ladder Capital in the 4th quarter valued at $407,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Ladder Capital by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 294,417 shares of the real estate investment trust’s stock valued at $3,295,000 after buying an additional 29,762 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in Ladder Capital by 145.7% in the fourth quarter. Squarepoint Ops LLC now owns 63,528 shares of the real estate investment trust’s stock valued at $711,000 after acquiring an additional 37,675 shares during the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Price Performance

NYSE:LADR opened at $11.83 on Friday. Ladder Capital has a 52 week low of $10.20 and a 52 week high of $12.48. The stock’s fifty day moving average is $11.34 and its two-hundred day moving average is $11.56. The company has a market capitalization of $1.50 billion, a P/E ratio of 13.75 and a beta of 1.92. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. Equities analysts expect that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.23 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.78%. Ladder Capital’s payout ratio is 106.98%.

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.