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

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

A number of analysts have recently weighed in on the stock. JMP Securities restated a “market outperform” rating and issued a $13.50 price target on shares of Ladder Capital in a report on Friday, August 30th. Bank of America raised their price target on shares of Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, July 29th. B. Riley raised their price target on shares of Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th.

Ladder Capital Trading Down 0.4 %

NYSE LADR opened at $11.70 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 15.39 and a beta of 1.94. The company’s 50-day simple moving average is $11.51 and its two-hundred day simple moving average is $11.54. Ladder Capital has a one year low of $10.10 and a one year high of $12.48.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same quarter last year, the firm posted $0.28 EPS. Equities analysts forecast that Ladder Capital will post 1 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend was Monday, September 30th. Ladder Capital’s dividend payout ratio (DPR) is presently 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 that occurred on 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 transaction, the president now directly owns 548,863 shares of the company’s stock, valued at approximately $6,723,571.75. This trade represents a 8.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Perelman sold 25,000 shares of the firm’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 transaction, the insider now directly owns 351,453 shares of the company’s stock, valued at $4,270,153.95. This represents 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 company insiders.

Hedge Funds Weigh In On Ladder Capital

Institutional investors have recently made changes to their positions in the company. Quest Partners LLC increased its holdings in shares of Ladder Capital by 13,513.5% during the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 7,027 shares in the last quarter. Quarry LP lifted its position in shares of 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 buying an additional 7,698 shares in the last quarter. MQS Management LLC acquired a new stake in Ladder Capital in the 2nd quarter valued at $128,000. Algert Global LLC purchased a new stake in Ladder Capital in the 2nd quarter worth $130,000. Finally, SG Americas Securities LLC acquired a new position in Ladder Capital during the first quarter worth $148,000. 62.25% of the stock is owned by hedge funds and other institutional investors.

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.