Ladder Capital (NYSE:LADR) Receives Buy Rating from BTIG Research

BTIG Research reiterated their buy rating on shares of Ladder Capital (NYSE:LADR) in a report published on Monday morning,Benzinga reports. They currently have a $13.50 target price on the real estate investment trust’s stock.

A number of other analysts have also weighed in on the company. Capital One Financial set a $13.00 target price on Ladder Capital in a research note on Wednesday, January 21st. Citigroup restated a “market outperform” rating on shares of Ladder Capital in a research report on Wednesday, January 21st. B. Riley initiated coverage on shares of Ladder Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $13.00 target price for the company. HSBC set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ladder Capital in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Ladder Capital currently has a consensus rating of “Moderate Buy” and an average price target of $12.92.

Ladder Capital Stock Performance

NYSE LADR opened at $10.91 on Monday. Ladder Capital has a 1-year low of $9.68 and a 1-year high of $11.92. The company has a 50 day moving average of $11.11 and a 200-day moving average of $11.06. The company has a current ratio of 35.60, a quick ratio of 35.60 and a debt-to-equity ratio of 2.01. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 7.01 and a beta of 1.01.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.4%. Ladder Capital’s payout ratio is presently 146.03%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Ladder Capital by 63.8% in the fourth quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 931 shares during the period. Capital Square LLC increased its stake in shares of Ladder Capital by 1.2% in the 3rd quarter. Capital Square LLC now owns 80,894 shares of the real estate investment trust’s stock valued at $883,000 after acquiring an additional 986 shares during the last quarter. Nebula Research & Development LLC raised its position in shares of Ladder Capital by 3.1% in the 2nd quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 1,008 shares during the period. HB Wealth Management LLC boosted its stake in Ladder Capital by 6.5% during the 3rd quarter. HB Wealth Management LLC now owns 17,623 shares of the real estate investment trust’s stock worth $192,000 after acquiring an additional 1,082 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Ladder Capital by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,836 shares of the real estate investment trust’s stock worth $654,000 after acquiring an additional 1,416 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.