Ladder Capital (NYSE:LADR) Given New $11.00 Price Target at Keefe, Bruyette & Woods

Ladder Capital (NYSE:LADR) had its price objective trimmed by Keefe, Bruyette & Woods from $11.50 to $11.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms also recently commented on LADR. B. Riley Financial initiated coverage on Ladder Capital in a report on Monday, January 5th. They set a “buy” rating and a $13.00 price objective for the company. Wall Street Zen downgraded Ladder Capital from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. Zacks Research downgraded Ladder Capital from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Weiss Ratings restated a “hold (c)” rating on shares of Ladder Capital in a report on Friday, March 27th. Finally, BTIG Research restated a “buy” rating and set a $13.50 price objective on shares of Ladder Capital in a report on Monday, February 2nd. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.75.

Ladder Capital Trading Up 2.8%

LADR stock opened at $9.99 on Wednesday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.73 and a beta of 1.00. The company has a quick ratio of 29.65, a current ratio of 29.65 and a debt-to-equity ratio of 2.37. The business has a fifty day simple moving average of $10.24 and a 200-day simple moving average of $10.69. Ladder Capital has a 52 week low of $9.61 and a 52 week high of $11.92.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Ladder Capital’s dividend payout ratio is 180.39%.

Institutional Trading of Ladder Capital

A number of institutional investors have recently added to or reduced their stakes in LADR. GAMMA Investing LLC boosted its position in 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 worth $26,000 after purchasing an additional 931 shares during the period. Newbridge Financial Services Group Inc. boosted its position in Ladder Capital by 500.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 2,500 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Ladder Capital during the 3rd quarter worth $34,000. Vision Financial Markets LLC purchased a new stake in Ladder Capital during the 3rd quarter worth $35,000. Finally, Jones Financial Companies Lllp boosted its position in Ladder Capital by 531.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,822 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 3,217 shares during the period. 62.25% of the stock is owned by hedge funds and other 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.