Ladder Capital Corp (NYSE:LADR) Given Consensus Recommendation of “Buy” by Brokerages

Ladder Capital Corp (NYSE:LADRGet Rating) has been assigned an average rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $12.83.

A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a report on Tuesday, March 1st. StockNews.com assumed coverage on shares of Ladder Capital in a report on Thursday, March 31st. They set a “buy” rating on the stock. TheStreet raised shares of Ladder Capital from a “c” rating to a “b-” rating in a report on Thursday, February 10th. Finally, BTIG Research reaffirmed a “buy” rating and set a $13.50 price objective on shares of Ladder Capital in a report on Friday, February 11th.

In other Ladder Capital news, President Pamela Mccormack sold 40,000 shares of the stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $12.42, for a total transaction of $496,800.00. Following the completion of the transaction, the president now owns 713,209 shares of the company’s stock, valued at $8,858,055.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kelly Amanda Porcella sold 20,000 shares of the stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $11.61, for a total transaction of $232,200.00. Following the transaction, the insider now directly owns 150,594 shares of the company’s stock, valued at approximately $1,748,396.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,139 shares of company stock valued at $1,377,805. 11.10% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Catalyst Capital Advisors LLC boosted its stake in shares of Ladder Capital by 29.2% in the third quarter. Catalyst Capital Advisors LLC now owns 5,260 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,190 shares during the period. Putnam Investments LLC lifted its stake in Ladder Capital by 2.3% in the third quarter. Putnam Investments LLC now owns 305,660 shares of the real estate investment trust’s stock worth $3,378,000 after acquiring an additional 6,760 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Ladder Capital by 18.0% in the third quarter. UBS Asset Management Americas Inc. now owns 92,644 shares of the real estate investment trust’s stock worth $1,024,000 after acquiring an additional 14,118 shares during the last quarter. SG Americas Securities LLC lifted its stake in Ladder Capital by 74.0% in the third quarter. SG Americas Securities LLC now owns 187,543 shares of the real estate investment trust’s stock worth $2,072,000 after acquiring an additional 79,758 shares during the last quarter. Finally, FCA Corp TX purchased a new position in Ladder Capital in the third quarter worth approximately $246,000. 56.42% of the stock is owned by institutional investors.

Shares of NYSE LADR opened at $12.31 on Friday. The company has a current ratio of 103.29, a quick ratio of 103.29 and a debt-to-equity ratio of 2.79. The company has a 50 day simple moving average of $11.81 and a two-hundred day simple moving average of $11.85. Ladder Capital has a 12 month low of $10.48 and a 12 month high of $12.69. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 27.36 and a beta of 2.08.

Ladder Capital (NYSE:LADRGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06. Ladder Capital had a net margin of 15.78% and a return on equity of 3.03%. During the same quarter in the prior year, the firm earned ($0.10) EPS. Analysts forecast that Ladder Capital will post 0.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 6.50%. The ex-dividend date of this dividend was Wednesday, March 30th. Ladder Capital’s payout ratio is currently 177.78%.

About Ladder Capital (Get Rating)

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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