Ladder Capital (NYSE:LADR) Stock Rating Lowered by TheStreet

TheStreet cut shares of Ladder Capital (NYSE:LADRGet Rating) from a b- rating to a c+ rating in a research report report published on Friday morning, TheStreetRatingsTable reports.

LADR has been the subject of several other reports. BTIG Research restated a buy rating and issued a $13.50 target price on shares of Ladder Capital in a report on Friday, February 11th. Zacks Investment Research raised shares of Ladder Capital from a sell rating to a hold rating in a report on Tuesday, March 1st. Finally, StockNews.com initiated coverage on shares of Ladder Capital in a research note on Thursday, March 31st. They set a buy rating on the stock. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Buy and an average price target of $13.83.

Shares of NYSE LADR opened at $11.06 on Friday. The stock has a market cap of $1.42 billion, a PE ratio of 18.43 and a beta of 1.96. The company has a current ratio of 103.29, a quick ratio of 103.29 and a debt-to-equity ratio of 2.79. Ladder Capital has a 12-month low of $10.48 and a 12-month high of $12.69. The company has a 50-day moving average of $11.82 and a 200 day moving average of $11.86.

Ladder Capital (NYSE:LADRGet Rating) last issued its earnings results on Thursday, April 28th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.06. Ladder Capital had a return on equity of 4.07% and a net margin of 18.52%. On average, sell-side analysts forecast that Ladder Capital will post 0.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.80 annualized dividend and a dividend yield of 7.23%. Ladder Capital’s dividend payout ratio is presently 133.34%.

In other news, insider Kelly Amanda Porcella sold 20,000 shares of Ladder Capital stock in a transaction on Friday, April 8th. The shares were sold at an average price of $11.61, for a total transaction of $232,200.00. Following the completion of the sale, the insider now directly owns 150,594 shares of the company’s stock, valued at approximately $1,748,396.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian Harris sold 30,000 shares of the firm’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $12.54, for a total value of $376,200.00. Following the completion of the sale, the chief executive officer now owns 1,058,482 shares in the company, valued at $13,273,364.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,139 shares of company stock valued at $1,377,805. 11.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in LADR. Brown Advisory Inc. lifted its holdings in shares of Ladder Capital by 12.2% in the 4th quarter. Brown Advisory Inc. now owns 4,466,302 shares of the real estate investment trust’s stock valued at $53,552,000 after purchasing an additional 485,862 shares during the last quarter. Citigroup Inc. grew its position in Ladder Capital by 5.6% during the 4th quarter. Citigroup Inc. now owns 3,660,713 shares of the real estate investment trust’s stock worth $43,893,000 after purchasing an additional 194,621 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Ladder Capital by 19.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,503,638 shares of the real estate investment trust’s stock valued at $42,008,000 after buying an additional 577,973 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Ladder Capital by 21.0% during the fourth quarter. Nuveen Asset Management LLC now owns 2,489,992 shares of the real estate investment trust’s stock worth $29,855,000 after buying an additional 431,534 shares during the period. Finally, State Street Corp grew its holdings in shares of Ladder Capital by 2.8% during the fourth quarter. State Street Corp now owns 2,284,703 shares of the real estate investment trust’s stock worth $27,847,000 after buying an additional 63,081 shares during the last quarter. 58.27% of the stock is owned by hedge funds and other institutional investors.

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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