Ladder Capital Corp (NYSE:LADR) Receives $12.92 Consensus Price Target from Analysts

Ladder Capital Corp (NYSE:LADR) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $12.9167.

Several research firms have commented on LADR. B. Riley Financial assumed coverage on shares of Ladder Capital in a report on Monday, January 5th. They issued a “buy” rating and a $13.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ladder Capital in a research report on Monday, December 29th. BTIG Research reiterated a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a research note on Monday, February 2nd. HSBC set a $13.00 target price on Ladder Capital in a report on Wednesday, January 21st. Finally, Susquehanna set a $13.00 price target on shares of Ladder Capital in a research report on Wednesday, January 21st.

Hedge Funds Weigh In On Ladder Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Ladder Capital by 63.8% in the fourth 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. Newbridge Financial Services Group Inc. increased its holdings in Ladder Capital by 500.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 2,500 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Ladder Capital during the third quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new stake in Ladder Capital during the third quarter worth $35,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Ladder Capital by 531.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,822 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 3,217 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Performance

LADR opened at $10.02 on Thursday. 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 $10.66 and a 200-day simple moving average of $10.91. The firm has a market cap of $1.27 billion, a PE ratio of 19.64, a P/E/G ratio of 0.75 and a beta of 1.00. Ladder Capital has a fifty-two week low of $9.68 and a fifty-two week high of $11.92.

Ladder Capital Announces Dividend

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

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.