Ladder Capital (NYSE:LADR) Sets New 52-Week Low – Here’s Why

Ladder Capital Corp (NYSE:LADR)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $9.61 and last traded at $9.68, with a volume of 70969 shares. The stock had previously closed at $9.72.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LADR shares. HSBC set a $13.00 target price on shares of Ladder Capital in a report on Wednesday, January 21st. B. Riley Financial began coverage on shares of Ladder Capital in a report on Monday, January 5th. They issued a “buy” rating and a $13.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Ladder Capital in a research report on Friday, March 27th. Zacks Research lowered Ladder Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Finally, Capital One Financial set a $13.00 price objective on Ladder Capital in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.92.

Ladder Capital Trading Down 0.2%

The firm has a market cap of $1.23 billion, a PE ratio of 19.05, 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. The company’s 50 day moving average price is $10.37 and its two-hundred day moving average price is $10.75.

Ladder Capital Announces Dividend

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 paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is currently 180.39%.

Institutional Trading of Ladder Capital

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of 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 worth $26,000 after purchasing an additional 931 shares during the last quarter. Capital Square LLC lifted its holdings in Ladder Capital by 1.2% during the 3rd quarter. Capital Square LLC now owns 80,894 shares of the real estate investment trust’s stock valued at $883,000 after buying an additional 986 shares in the last quarter. Seven Mile Advisory lifted its holdings in Ladder Capital by 4.0% during the 4th 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 in the last quarter. Nebula Research & Development LLC boosted its position in Ladder Capital by 3.1% in the 2nd 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, HB Wealth Management LLC boosted its position in Ladder Capital by 6.5% in the 3rd quarter. HB Wealth Management LLC now owns 17,623 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 1,082 shares during the period. 62.25% of the stock is owned by hedge funds and other institutional investors.

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.