Analysts Set Ladder Capital Corp (NYSE:LADR) Price Target at $12.75

Ladder Capital Corp (NYSE:LADR) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.75.

LADR has been the subject of a number of research reports. Wall Street Zen upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings lowered shares of Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th.

Ladder Capital Price Performance

Shares of LADR opened at $10.05 on Wednesday. The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79. The stock has a market cap of $1.28 billion, a PE ratio of 22.85, a PEG ratio of 0.94 and a beta of 0.95. Ladder Capital has a 12-month low of $9.61 and a 12-month high of $11.92. The business has a 50-day simple moving average of $10.07 and a two-hundred day simple moving average of $10.31.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $51.88 million for the quarter, compared to analyst estimates of $57.03 million. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.During the same period last year, the firm posted $0.20 earnings per share. Analysts anticipate that Ladder Capital will post 0.75 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date was Tuesday, June 30th. Ladder Capital’s payout ratio is 209.09%.

Insider Buying and Selling at Ladder Capital

In related news, insider Robert Perelman sold 17,505 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total value of $179,426.25. Following the sale, the insider owned 428,684 shares of the company’s stock, valued at $4,394,011. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position 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 holdings in Ladder Capital by 1.2% in the third quarter. Capital Square LLC now owns 80,894 shares of the real estate investment trust’s stock worth $883,000 after purchasing an additional 986 shares in the last quarter. Seven Mile Advisory lifted its stake in Ladder Capital by 4.0% in the fourth quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 992 shares during the period. Nebula Research & Development LLC lifted its stake in Ladder Capital by 3.1% in 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 during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Ladder Capital by 2.6% during the 1st quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 1,026 shares in the last quarter. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Company Profile

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.