Ladder Capital Corp (NYSE:LADR) Receives $13.33 Average Target Price from Analysts

Ladder Capital Corp (NYSE:LADR) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $13.33.

A number of equities analysts have recently commented on LADR shares. B. Riley raised their target price on shares of Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods lifted their target price on Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Wolfe Research began coverage on Ladder Capital in a report on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 target price for the company. StockNews.com lowered Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Finally, Bank of America increased their target price on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 29th.

Insider Buying and Selling at Ladder Capital

In related news, insider Robert Perelman sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the transaction, the insider now owns 351,453 shares in the company, valued at $4,270,153.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Robert Perelman sold 25,000 shares of Ladder Capital stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the sale, the insider now directly owns 351,453 shares in the company, valued at approximately $4,270,153.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Pamela Mccormack sold 100,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $12.17, for a total value of $1,217,000.00. Following the completion of the transaction, the president now directly owns 598,863 shares in the company, valued at approximately $7,288,162.71. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,000 shares of company stock valued at $2,133,250. 12.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Ladder Capital by 15.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 943,885 shares of the real estate investment trust’s stock valued at $10,505,000 after acquiring an additional 123,920 shares during the period. Boston Partners purchased a new stake in Ladder Capital in the first quarter valued at $787,000. Van ECK Associates Corp raised its stake in shares of Ladder Capital by 32.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,091,288 shares of the real estate investment trust’s stock valued at $12,321,000 after buying an additional 266,693 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Ladder Capital by 16.7% during the 4th quarter. Wellington Management Group LLP now owns 2,051,999 shares of the real estate investment trust’s stock valued at $23,619,000 after buying an additional 293,615 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Ladder Capital during the 4th quarter valued at about $8,923,000. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Trading Up 0.7 %

Shares of LADR opened at $11.35 on Thursday. Ladder Capital has a twelve month low of $9.08 and a twelve month high of $12.48. The company has a current ratio of 76.87, a quick ratio of 76.87 and a debt-to-equity ratio of 2.21. The company has a market cap of $1.44 billion, a P/E ratio of 14.93 and a beta of 1.94. The company’s fifty day simple moving average is $11.87 and its 200-day simple moving average is $11.40.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Ladder Capital had a net margin of 19.07% and a return on equity of 9.17%. The firm had revenue of $71.67 million for the quarter, compared to analysts’ expectations of $71.22 million. During the same period in the prior year, the business posted $0.31 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts expect that Ladder Capital will post 1 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.23 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 8.11%. Ladder Capital’s dividend payout ratio is presently 121.05%.

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.