Ladder Capital Corp (NYSE:LADR) Receives Consensus Rating of “Moderate Buy” from Analysts

Ladder Capital Corp (NYSE:LADR) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.9167.

Several equities research analysts have weighed in on the company. B. Riley Financial 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 “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Citigroup restated a “market outperform” rating on shares of Ladder Capital in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ladder Capital in a report on Friday, March 27th. Finally, Capital One Financial set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st.

Ladder Capital Stock Performance

Shares of LADR stock opened at $9.78 on Monday. The firm has a 50 day moving average of $10.32 and a two-hundred day moving average of $10.72. The stock has a market capitalization of $1.24 billion, a PE ratio of 19.17, a P/E/G 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. Ladder Capital has a 52 week low of $9.61 and a 52 week high of $11.92.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date is Tuesday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 180.39%.

Hedge Funds Weigh In On Ladder Capital

Several large investors have recently bought and sold shares of LADR. Access Investment Management LLC raised its stake in Ladder Capital by 28.1% in the third quarter. Access Investment Management LLC now owns 440,384 shares of the real estate investment trust’s stock valued at $4,805,000 after buying an additional 96,630 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Ladder Capital by 49.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 623,013 shares of the real estate investment trust’s stock worth $6,797,000 after acquiring an additional 207,167 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of 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 acquiring an additional 371,654 shares during the last quarter. Denali Advisors LLC raised its position in shares of Ladder Capital by 99.6% during the 3rd quarter. Denali Advisors LLC now owns 490,600 shares of the real estate investment trust’s stock worth $5,352,000 after acquiring an additional 244,776 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Ladder Capital during the 3rd quarter worth about $2,282,000. 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.