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

Shares of Ladder Capital Corp (NYSE:LADR) have received an average rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $13.29.

Several research firms have recently issued reports on LADR. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday, January 14th.

Institutional Investors Weigh In On Ladder Capital

Several hedge funds have recently bought and sold shares of LADR. Jennison Associates LLC boosted its holdings in Ladder Capital by 1.6% in the third quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust’s stock worth $78,505,000 after purchasing an additional 108,079 shares in the last quarter. State Street Corp raised its stake in Ladder Capital by 1.9% during the 3rd quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust’s stock valued at $35,411,000 after purchasing an additional 54,598 shares during the last quarter. Geode Capital Management LLC grew its position in Ladder Capital by 0.3% during the third quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock worth $30,743,000 after buying an additional 8,178 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Ladder Capital by 5.0% during the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after purchasing an additional 96,573 shares during the period. Finally, Victory Capital Management Inc. raised its position in Ladder Capital by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust’s stock worth $18,799,000 after purchasing an additional 39,695 shares in the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Price Performance

Shares of NYSE LADR opened at $11.74 on Wednesday. The company’s 50-day moving average price is $11.36 and its 200 day moving average price is $11.58. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 13.65 and a beta of 1.92. Ladder Capital has a 52 week low of $10.10 and a 52 week high of $12.48. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34.

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 the consensus estimate of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.78% and a net margin of 21.36%. As a group, research analysts forecast that Ladder Capital will post 1.01 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital’s dividend payout ratio 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.