Ladder Capital Corp (NYSE:LADR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ladder Capital Corp (NYSE:LADR) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $13.33.

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $13.50 target price on shares of Ladder Capital in a report on Friday, August 30th.

Ladder Capital Price Performance

Shares of LADR opened at $11.90 on Friday. The company has a market capitalization of $1.52 billion, a P/E ratio of 15.66 and a beta of 1.94. The business’s 50-day moving average is $11.50 and its two-hundred day moving average is $11.55. 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 fifty-two week low of $10.10 and a fifty-two week high of $12.48.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The firm had revenue of $128.64 million for the quarter, compared to analyst estimates of $60.85 million. During the same period last year, the company earned $0.28 earnings per share. Research analysts predict that Ladder Capital will post 1.06 earnings per share for the current year.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 7.73%. Ladder Capital’s dividend payout ratio is currently 121.05%.

Insider Buying and Selling

In related news, insider Robert Perelman sold 25,000 shares of Ladder Capital stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.15, for a total value of $303,750.00. Following the sale, the insider now directly owns 351,453 shares in the company, valued at approximately $4,270,153.95. The trade was a 6.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 12.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Ladder Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Ladder Capital in the 1st quarter valued at $148,000. ProShare Advisors LLC lifted its stake in shares of Ladder Capital by 8.5% in the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 1,602 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Ladder Capital by 0.3% in the first quarter. Vanguard Group Inc. now owns 11,234,757 shares of the real estate investment trust’s stock worth $125,043,000 after buying an additional 28,602 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Ladder Capital by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 59,886 shares of the real estate investment trust’s stock worth $667,000 after acquiring an additional 4,063 shares during the last quarter. Finally, Cetera Advisors LLC grew its stake in Ladder Capital by 12.8% during the 1st quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 3,161 shares in the last quarter. Hedge funds and other institutional investors 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.