Ladder Capital Corp (NYSE:LADR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Ladder Capital Corp (NYSE:LADR) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $12.9167.

LADR has been the subject of several research analyst reports. Capital One Financial set a $13.00 price target on shares of Ladder Capital in a research report on Wednesday, January 21st. Susquehanna set a $13.00 target price on Ladder Capital in a research report on Wednesday, January 21st. Citigroup reissued a “market outperform” rating on shares of Ladder Capital in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ladder Capital in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd.

Institutional Trading of Ladder Capital

Several large investors have recently added to or reduced their stakes in LADR. GAMMA Investing LLC raised its holdings in shares of Ladder Capital by 63.8% during the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 931 shares in the last quarter. Capital Square LLC increased its position in Ladder Capital by 1.2% during the third quarter. Capital Square LLC now owns 80,894 shares of the real estate investment trust’s stock worth $883,000 after buying an additional 986 shares during the last quarter. Nebula Research & Development LLC raised its holdings in Ladder Capital by 3.1% during the second quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 1,008 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Ladder Capital by 6.5% in the third quarter. HB Wealth Management LLC now owns 17,623 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 1,082 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Ladder Capital by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 20,883 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 1,343 shares in the last quarter. 62.25% of the stock is owned by institutional investors.

Ladder Capital Stock Up 0.4%

NYSE LADR opened at $10.40 on Friday. Ladder Capital has a 12 month low of $9.68 and a 12 month high of $11.92. The company has a market capitalization of $1.32 billion, a P/E ratio of 20.38, a PEG ratio of 4.27 and a beta of 1.01. The company’s 50 day simple moving average is $11.02 and its 200 day simple moving average is $11.02. The company has a debt-to-equity ratio of 2.37, a current ratio of 29.65 and a quick ratio of 35.60.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.9%. Ladder Capital’s payout ratio is 180.39%.

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.