Ladder Capital Corp (NYSE:LADR) Given Average Recommendation of “Buy” by Analysts

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

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

Institutional Investors Weigh In On Ladder Capital

A number of institutional investors and hedge funds have recently bought and sold shares of LADR. Sterling Capital Management LLC grew its position in shares of Ladder Capital by 816.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 3,240 shares in the last quarter. Quest Partners LLC boosted its stake in Ladder Capital by 13,513.5% in the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 7,027 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in Ladder Capital during the 4th quarter valued at approximately $84,000. Quarry LP grew its holdings in Ladder Capital by 1,832.9% during the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 7,698 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Ladder Capital during the fourth quarter valued at approximately $112,000. 62.25% of the stock is owned by institutional investors.

Ladder Capital Trading Down 0.1 %

NYSE:LADR opened at $11.56 on Thursday. The company has a market cap of $1.47 billion, a PE ratio of 13.44 and a beta of 1.91. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The company has a 50 day simple moving average of $11.49 and a two-hundred day simple moving average of $11.52. Ladder Capital has a 12 month low of $10.21 and a 12 month high of $12.48.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data 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 return on equity of 8.77% and a net margin of 21.36%. Research analysts forecast that Ladder Capital will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.96%. The ex-dividend date is Monday, March 31st. Ladder Capital’s dividend payout ratio is currently 106.98%.

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.