Ladder Capital Corp (NYSE:LADR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Ladder Capital Corp (NYSE:LADR) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.33.

A number of analysts have commented on LADR shares. StockNews.com downgraded shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Bank of America lifted their price target on shares of Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. B. Riley raised their target price on Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods boosted their price target on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $13.50 target price on shares of Ladder Capital in a report on Friday, August 30th.

Ladder Capital Price Performance

Shares of NYSE:LADR opened at $11.76 on Friday. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34. The company’s 50 day moving average is $11.53 and its 200 day moving average is $11.53. Ladder Capital has a twelve month low of $10.10 and a twelve month high of $12.48. The company has a market cap of $1.50 billion, a PE ratio of 15.47 and a beta of 1.94.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. The business had revenue of $128.64 million during the quarter, compared to the consensus estimate of $60.85 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, sell-side analysts forecast that Ladder Capital will post 1 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date of this dividend was Monday, September 30th. Ladder Capital’s dividend payout ratio is presently 121.05%.

Insiders Place Their Bets

In related news, insider Robert Perelman sold 25,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the sale, the insider now owns 351,453 shares in the company, valued at $4,270,153.95. This represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Pamela Mccormack sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $12.25, for a total value of $612,500.00. Following the completion of the sale, the president now directly owns 548,863 shares in the company, valued at approximately $6,723,571.75. This trade represents a 8.35 % decrease in their position. The disclosure for this sale can be found here. 12.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of 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 valued at $30,743,000 after purchasing an additional 8,178 shares during the last quarter. Barclays PLC lifted its position in Ladder Capital by 28.3% in the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust’s stock worth $2,382,000 after buying an additional 45,294 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Ladder Capital by 17.4% during the 3rd quarter. MML Investors Services LLC now owns 37,565 shares of the real estate investment trust’s stock worth $436,000 after purchasing an additional 5,575 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Ladder Capital by 1,089.1% in the 3rd quarter. Jane Street Group LLC now owns 1,528,802 shares of the real estate investment trust’s stock valued at $17,734,000 after purchasing an additional 1,400,238 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in Ladder Capital during the third quarter worth approximately $6,907,000. Institutional investors own 62.25% of the company’s stock.

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.