StockNews.com Lowers Ladder Capital (NYSE:LADR) to Hold

StockNews.com cut shares of Ladder Capital (NYSE:LADR) from a buy rating to a hold rating in a report issued on Friday.

LADR has been the subject of a number of other reports. JMP Securities boosted their target price on shares of Ladder Capital from $12.00 to $13.00 in a research note on Thursday, July 27th. BTIG Research raised their price target on Ladder Capital from $10.00 to $12.50 and gave the stock a buy rating in a research report on Monday, July 24th. Finally, Raymond James lowered Ladder Capital from a strong-buy rating to an outperform rating and increased their target price for the stock from $12.00 to $12.50 in a research note on Thursday, July 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $12.00.

Ladder Capital Stock Performance

Ladder Capital stock opened at $9.51 on Friday. The stock’s 50 day moving average is $10.29 and its 200 day moving average is $10.25. The company has a quick ratio of 89.10, a current ratio of 89.10 and a debt-to-equity ratio of 2.58. Ladder Capital has a twelve month low of $8.76 and a twelve month high of $11.77. The company has a market capitalization of $1.21 billion, a P/E ratio of 8.34 and a beta of 1.86.

Ladder Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.67%. The ex-dividend date of this dividend was Thursday, September 28th. Ladder Capital’s dividend payout ratio is currently 80.70%.

Institutional Trading of Ladder Capital

Several hedge funds and other institutional investors have recently made changes to their positions in LADR. Coppell Advisory Solutions Corp. purchased a new stake in shares of Ladder Capital during the fourth quarter valued at $42,000. Acadian Asset Management LLC purchased a new stake in shares of Ladder Capital during the first quarter valued at $93,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Ladder Capital during the second quarter valued at $103,000. Boothbay Fund Management LLC acquired a new stake in shares of Ladder Capital during the first quarter worth about $108,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Ladder Capital during the first quarter worth about $109,000. Hedge funds and other institutional investors own 60.93% of the company’s stock.

About Ladder Capital

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. The company 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.