Ladder Capital Corp (NYSE:LADR – Free Report) – Analysts at B. Riley reduced their FY2024 earnings estimates for shares of Ladder Capital in a research report issued to clients and investors on Monday, January 27th. B. Riley analyst R. Binner now forecasts that the real estate investment trust will post earnings of $1.05 per share for the year, down from their previous estimate of $1.06. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Ladder Capital’s current full-year earnings is $1.04 per share. B. Riley also issued estimates for Ladder Capital’s Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.29 EPS and Q4 2025 earnings at $0.33 EPS.
Separately, Keefe, Bruyette & Woods dropped their target price on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ladder Capital presently has a consensus rating of “Buy” and an average target price of $13.29.
Ladder Capital Stock Down 1.6 %
NYSE LADR opened at $11.06 on Tuesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. Ladder Capital has a 52 week low of $10.10 and a 52 week high of $12.48. The stock has a market capitalization of $1.41 billion, a P/E ratio of 14.55 and a beta of 1.92. The stock has a fifty day moving average of $11.43 and a 200-day moving average of $11.61.
Ladder Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.
Institutional Trading of Ladder Capital
A number of hedge funds have recently made changes to their positions in LADR. Quest Partners LLC boosted its holdings in shares of Ladder Capital by 13,513.5% during the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 7,027 shares during the period. Quarry LP increased its stake in shares of Ladder Capital by 1,832.9% during the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 7,698 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Ladder Capital during the 4th quarter worth approximately $112,000. Algert Global LLC bought a new stake in Ladder Capital in the 2nd quarter valued at $130,000. Finally, Longboard Asset Management LP acquired a new position in Ladder Capital in the 4th quarter valued at $160,000. 62.25% of the stock is owned by institutional investors and hedge funds.
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.
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