Analysts Set Ladder Capital Corp (NYSE:LADR) Target Price at $12.50

Shares of Ladder Capital Corp (NYSE:LADR) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $12.80.

A number of brokerages have recently commented on LADR. B. Riley assumed coverage on Ladder Capital in a report on Monday, January 5th. They set a “buy” rating and a $13.00 price target on the stock. Zacks Research cut Ladder Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. HSBC set a $13.00 price target on shares of Ladder Capital in a research report on Wednesday. Susquehanna set a $13.00 target price on shares of Ladder Capital in a report on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ladder Capital in a research note on Monday, December 29th.

Ladder Capital Stock Performance

Shares of NYSE LADR opened at $11.07 on Wednesday. Ladder Capital has a 12-month low of $9.68 and a 12-month high of $11.92. The company has a market cap of $1.41 billion, a PE ratio of 17.56, a P/E/G ratio of 7.18 and a beta of 1.01. The stock has a 50 day simple moving average of $11.05 and a 200-day simple 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.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Ladder Capital had a return on equity of 6.70% and a net margin of 19.26%.The firm had revenue of $57.44 million for the quarter, compared to the consensus estimate of $62.90 million. During the same quarter in the previous year, the business earned $0.30 EPS. On average, equities research analysts forecast that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.3%. Ladder Capital’s dividend payout ratio (DPR) is currently 146.03%.

Insider Transactions at Ladder Capital

In other Ladder Capital news, Director Jeffrey B. Steiner sold 19,481 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $10.89, for a total transaction of $212,148.09. Following the completion of the sale, the director directly owned 27,311 shares of the company’s stock, valued at approximately $297,416.79. This represents a 41.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in shares of Ladder Capital by 13.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 438,549 shares of the real estate investment trust’s stock worth $4,714,000 after purchasing an additional 52,010 shares during the period. Russell Investments Group Ltd. increased 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 during the period. Envestnet Portfolio Solutions Inc. bought a new position in Ladder Capital in the 2nd quarter valued at about $108,000. Geode Capital Management LLC raised its position in shares of Ladder Capital by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust’s stock valued at $28,771,000 after buying an additional 20,022 shares in the last quarter. Finally, Denali Advisors LLC lifted its holdings in shares of Ladder Capital by 48.0% during the 2nd quarter. Denali Advisors LLC now owns 245,824 shares of the real estate investment trust’s stock worth $2,643,000 after acquiring an additional 79,743 shares during the period. Hedge funds and other institutional investors 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.