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

Ladder Capital Corp (NYSE:LADR) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $13.33.

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Bank of America raised their price objective 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. BTIG Research reissued a “buy” rating and issued a $13.50 price objective on shares of Ladder Capital in a report on Friday, July 19th. B. Riley boosted their price objective on Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th.

Insider Buying and Selling

In related news, insider Robert Perelman sold 25,000 shares of the company’s 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 transaction, the insider now owns 351,453 shares in the company, valued at approximately $4,270,153.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, President Pamela Mccormack sold 50,000 shares of the company’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 transaction of $612,500.00. Following the sale, the president now directly owns 548,863 shares of the company’s stock, valued at $6,723,571.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Perelman sold 25,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the transaction, the insider now owns 351,453 shares of the company’s stock, valued at $4,270,153.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Ladder Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MQS Management LLC bought a new position in shares of Ladder Capital in the 2nd quarter valued at about $128,000. Algert Global LLC bought a new stake in shares of Ladder Capital in the 2nd quarter valued at approximately $130,000. SG Americas Securities LLC purchased a new position in shares of Ladder Capital in the 1st quarter worth approximately $148,000. HB Wealth Management LLC increased its position in shares of Ladder Capital by 7.1% during the 1st quarter. HB Wealth Management LLC now owns 15,000 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,000 shares during the last quarter. Finally, TrueMark Investments LLC purchased a new stake in Ladder Capital during the 2nd quarter valued at $174,000. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Stock Performance

Shares of NYSE LADR opened at $11.40 on Monday. The firm’s 50-day moving average price is $11.67 and its 200-day moving average price is $11.43. The company has a quick ratio of 76.87, a current ratio of 76.87 and a debt-to-equity ratio of 2.21. The company has a market cap of $1.44 billion, a PE ratio of 15.00 and a beta of 1.94. Ladder Capital has a 52-week low of $9.88 and a 52-week high of $12.48.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm 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 19.07% and a return on equity of 9.17%. During the same quarter last year, the firm posted $0.28 EPS. As a group, analysts anticipate that Ladder Capital will post 1 EPS for the current year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.07%. The ex-dividend date was Monday, September 30th. Ladder Capital’s dividend payout ratio (DPR) 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.