Keefe, Bruyette & Woods Cuts Ladder Capital (NYSE:LADR) Price Target to $12.75

Ladder Capital (NYSE:LADR) had its price target trimmed by Keefe, Bruyette & Woods from $13.00 to $12.75 in a research report report published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Separately, B. Riley raised Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $13.29.

Ladder Capital Stock Performance

Shares of Ladder Capital stock opened at $11.15 on Tuesday. The firm has a 50 day simple moving average of $11.53 and a 200 day simple moving average of $11.62. Ladder Capital has a fifty-two week low of $10.10 and a fifty-two week high of $12.48. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. The firm has a market cap of $1.42 billion, a P/E ratio of 14.66 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The company had revenue of $128.64 million during the quarter, compared to analysts’ expectations of $60.85 million. During the same period last year, the firm earned $0.28 EPS. Sell-side analysts predict that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.25%. The ex-dividend date was Tuesday, December 31st. Ladder Capital’s payout ratio is 121.05%.

Institutional Trading of Ladder Capital

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning boosted its stake in Ladder Capital by 2.5% during the 3rd quarter. Creative Planning now owns 37,302 shares of the real estate investment trust’s stock worth $433,000 after acquiring an additional 909 shares during the last quarter. Capital Square LLC raised its holdings in Ladder Capital by 2.6% in the third quarter. Capital Square LLC now owns 76,462 shares of the real estate investment trust’s stock worth $887,000 after purchasing an additional 1,953 shares during the period. HB Wealth Management LLC boosted its position in shares of Ladder Capital by 13.4% during the fourth quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 2,011 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Ladder Capital by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,772 shares of the real estate investment trust’s stock valued at $686,000 after buying an additional 2,573 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Ladder Capital by 1.8% in the 2nd quarter. Rhumbline Advisers now owns 192,242 shares of the real estate investment trust’s stock valued at $2,170,000 after buying an additional 3,311 shares in the last quarter. 62.25% of the stock is owned by institutional investors.

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.