Ladder Capital (NYSE:LADR) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Ladder Capital (NYSE:LADR) from a hold rating to a strong sell rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. B. Riley Financial assumed 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ladder Capital in a research report on Monday, December 29th. Citigroup reissued a “market outperform” rating on shares of Ladder Capital in a research report on Wednesday, January 21st. Capital One Financial set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. 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. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ladder Capital has a consensus rating of “Moderate Buy” and an average target price of $12.92.

Ladder Capital Stock Down 0.4%

Shares of Ladder Capital stock opened at $10.41 on Monday. Ladder Capital has a 1 year low of $9.68 and a 1 year high of $11.92. The company has a debt-to-equity ratio of 2.37, a current ratio of 29.65 and a quick ratio of 29.65. The company has a market capitalization of $1.32 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 4.30 and a beta of 1.01. The business has a 50-day moving average of $10.98 and a two-hundred day moving average of $11.01.

Ladder Capital Dividend Announcement

The firm also recently declared 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. This represents a $0.92 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Ladder Capital’s payout ratio is 180.39%.

Institutional Investors Weigh In On Ladder Capital

Several hedge funds have recently added to or reduced their stakes in the business. Access Investment Management LLC boosted its holdings in shares of Ladder Capital by 28.1% during the third quarter. Access Investment Management LLC now owns 440,384 shares of the real estate investment trust’s stock worth $4,805,000 after acquiring an additional 96,630 shares during the period. Allianz Asset Management GmbH boosted its stake in Ladder Capital by 49.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 623,013 shares of the real estate investment trust’s stock valued at $6,797,000 after purchasing an additional 207,167 shares during the period. Russell Investments Group Ltd. grew its holdings in Ladder Capital by 81,503.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 372,110 shares of the real estate investment trust’s stock valued at $4,000,000 after buying an additional 371,654 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Ladder Capital during the 2nd quarter worth $108,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Ladder Capital by 0.8% during the second quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust’s stock worth $28,771,000 after buying an additional 20,022 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

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.