Brokerages Set Ladder Capital Corp (NYSE:LADR) Target Price at $13.33

Ladder Capital Corp (NYSE:LADR) has earned an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. One equities research 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 1 year target price among brokers that have covered the stock in the last year is $13.33.

Separately, B. Riley upgraded Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th.

Institutional Trading of Ladder Capital

A number of large investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Ladder Capital by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after purchasing an additional 96,573 shares during the period. Franklin Resources Inc. lifted its position in Ladder Capital by 23.1% during the 3rd quarter. Franklin Resources Inc. now owns 418,713 shares of the real estate investment trust’s stock worth $4,698,000 after acquiring an additional 78,562 shares during the period. Geode Capital Management LLC lifted its position in Ladder Capital by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock worth $30,743,000 after acquiring an additional 8,178 shares during the period. Barclays PLC boosted its stake in shares of Ladder Capital by 28.3% in the third quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust’s stock valued at $2,382,000 after buying an additional 45,294 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of Ladder Capital by 17.4% in the third quarter. MML Investors Services LLC now owns 37,565 shares of the real estate investment trust’s stock valued at $436,000 after buying an additional 5,575 shares in the last quarter. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Price Performance

Shares of NYSE LADR opened at $10.81 on Friday. The stock’s 50-day moving average is $11.56 and its two-hundred day moving average is $11.64. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. Ladder Capital has a 1-year low of $10.10 and a 1-year high of $12.48. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 14.22 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The business had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. During the same quarter in the prior year, the business posted $0.28 EPS. Analysts forecast that Ladder Capital will post 1.06 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.51%. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

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.