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

Ladder Capital Corp (NYSE:LADR) has been given an average rating of “Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $13.17.

A number of analysts have issued reports on LADR shares. Keefe, Bruyette & Woods decreased their target price on Ladder Capital from $12.75 to $12.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Wall Street Zen cut Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th.

Institutional Investors Weigh In On Ladder Capital

Several large investors have recently added to or reduced their stakes in the business. KBC Group NV bought a new stake in Ladder Capital during the first quarter worth about $31,000. Versant Capital Management Inc bought a new stake in Ladder Capital during the first quarter worth about $38,000. Sterling Capital Management LLC lifted its stake in 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 during the last quarter. TD Waterhouse Canada Inc. bought a new stake in Ladder Capital during the fourth quarter worth about $84,000. Finally, Coppell Advisory Solutions LLC lifted its stake in Ladder Capital by 138.6% during the first quarter. Coppell Advisory Solutions LLC now owns 8,933 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 5,189 shares during the last quarter. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Performance

NYSE:LADR opened at $10.70 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The business has a fifty day simple moving average of $10.39 and a two-hundred day simple moving average of $11.10. Ladder Capital has a 1 year low of $9.68 and a 1 year high of $12.48. The company has a market capitalization of $1.37 billion, a P/E ratio of 12.44 and a beta of 1.01.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. The firm had revenue of $51.20 million during the quarter, compared to analysts’ expectations of $65.15 million. During the same period in the prior year, the business earned $0.33 earnings per share. On average, analysts expect that Ladder Capital will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.60%. The ex-dividend date was Monday, March 31st. Ladder Capital’s dividend payout ratio is 112.20%.

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.