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

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

A number of equities analysts have issued reports on LADR shares. Keefe, Bruyette & Woods upped their target price on Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $13.50 price objective on shares of Ladder Capital in a research note on Friday, August 30th.

Ladder Capital Stock Performance

Ladder Capital stock opened at $11.87 on Friday. The stock has a market cap of $1.51 billion, a PE ratio of 15.61 and a beta of 1.94. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. Ladder Capital has a 12-month low of $10.10 and a 12-month high of $12.48. The business’s 50-day moving average price is $11.50 and its two-hundred day moving average price is $11.54.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data 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. The business had revenue of $128.64 million during the quarter, compared to the consensus estimate of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, analysts expect that Ladder Capital will post 1 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.75%. The ex-dividend date was Monday, September 30th. Ladder Capital’s payout ratio is presently 121.05%.

Insider Buying and Selling at Ladder Capital

In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the stock in a transaction dated Friday, September 13th. The stock was 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. This trade represents a 6.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Pamela Mccormack sold 50,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $12.25, for a total value of $612,500.00. Following the completion of the transaction, the president now directly owns 548,863 shares in the company, valued at $6,723,571.75. This represents a 8.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.00% of the company’s stock.

Institutional Trading of Ladder Capital

Large investors have recently modified their holdings of the stock. Creative Planning boosted its stake in Ladder Capital by 2.5% during the third 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 in the last quarter. Access Investment Management LLC boosted its position in shares of Ladder Capital by 0.5% during the 2nd quarter. Access Investment Management LLC now owns 276,678 shares of the real estate investment trust’s stock worth $3,124,000 after purchasing an additional 1,355 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Ladder Capital by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 1,602 shares during the period. Capital Square LLC increased its position in Ladder Capital by 2.5% in the 2nd quarter. Capital Square LLC now owns 74,509 shares of the real estate investment trust’s stock valued at $903,000 after buying an additional 1,804 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Ladder Capital by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,772 shares of the real estate investment trust’s stock worth $686,000 after buying an additional 2,573 shares during the period. Institutional investors and hedge funds own 62.25% of the company’s stock.

About Ladder Capital

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.