Brokerages Set Ladder Capital Corp (NYSE:LADR) PT at $13.29

Shares of Ladder Capital Corp (NYSE:LADR) have been assigned an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $13.29.

A number of research firms have weighed in on LADR. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Finally, StockNews.com downgraded Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th.

Ladder Capital Stock Down 0.7 %

Shares of LADR opened at $11.47 on Thursday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 13.33 and a beta of 1.91. Ladder Capital has a 52 week low of $10.21 and a 52 week high of $12.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. The stock has a fifty day moving average of $11.51 and a 200-day moving average of $11.51.

Ladder Capital (NYSE:LADR) last posted 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 net margin of 21.36% and a return on equity of 8.77%. As a group, sell-side analysts anticipate that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.02%. Ladder Capital’s payout ratio is currently 106.98%.

Institutional Trading of Ladder Capital

Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP grew its holdings in Ladder Capital by 77.6% in the fourth quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust’s stock worth $30,043,000 after purchasing an additional 1,172,961 shares during the period. Palogic Value Management L.P. boosted its position in shares of Ladder Capital by 9.1% during the 4th quarter. Palogic Value Management L.P. now owns 124,235 shares of the real estate investment trust’s stock worth $1,390,000 after purchasing an additional 10,367 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ladder Capital in the 4th quarter valued at about $1,643,000. Mackenzie Financial Corp bought a new stake in Ladder Capital in the 4th quarter valued at about $216,000. Finally, PharVision Advisers LLC acquired a new position in Ladder Capital during the 4th quarter worth approximately $407,000. 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.