Ladder Capital Corp (NYSE:LADR) Given Average Recommendation of “Buy” by Analysts

Ladder Capital Corp (NYSE:LADR) has received an average recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.29.

A number of brokerages have recently commented on LADR. Keefe, Bruyette & Woods dropped their target price on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. StockNews.com lowered 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 note on Tuesday, January 7th.

Institutional Investors Weigh In On Ladder Capital

A number of institutional investors have recently made changes to their positions in the company. Quest Partners LLC lifted its position in Ladder Capital by 13,513.5% in the 3rd 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 in the last quarter. Intech Investment Management LLC purchased a new position in shares of Ladder Capital in the third quarter worth $344,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ladder Capital by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,633,075 shares of the real estate investment trust’s stock valued at $18,944,000 after purchasing an additional 4,282 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of Ladder Capital by 23.0% during the third quarter. Penserra Capital Management LLC now owns 88,717 shares of the real estate investment trust’s stock valued at $1,029,000 after buying an additional 16,585 shares during the last quarter. Finally, FMR LLC increased its holdings in Ladder Capital by 11.3% in the 3rd quarter. FMR LLC now owns 124,853 shares of the real estate investment trust’s stock worth $1,448,000 after buying an additional 12,638 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Down 0.1 %

Shares of Ladder Capital stock opened at $11.56 on Thursday. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. Ladder Capital has a 12-month low of $10.21 and a 12-month high of $12.48. The company has a market cap of $1.47 billion, a P/E ratio of 13.44 and a beta of 1.91. The company’s fifty day simple moving average is $11.49 and its two-hundred day simple moving average is $11.52.

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

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.23 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 7.96%. Ladder Capital’s dividend payout ratio (DPR) is presently 106.98%.

Ladder Capital Company Profile

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.