Ladder Capital Corp (NYSE:LADR) Given Average Rating of “Moderate Buy” by Brokerages

Ladder Capital Corp (NYSE:LADR) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $12.75.

LADR has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Ladder Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Keefe, Bruyette & Woods reduced their price objective 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. BTIG Research reiterated a “buy” rating and issued a $13.50 price objective on shares of Ladder Capital in a research note on Monday, February 2nd. Weiss Ratings cut shares of Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen raised Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd.

Ladder Capital Trading Down 0.1%

NYSE LADR opened at $10.12 on Tuesday. The company has a current ratio of 58.90, a quick ratio of 58.90 and a debt-to-equity ratio of 2.79. The business has a fifty day simple moving average of $10.06 and a 200 day simple moving average of $10.55. Ladder Capital has a 12 month low of $9.61 and a 12 month high of $11.92. The firm has a market capitalization of $1.29 billion, a P/E ratio of 22.99, a PEG ratio of 0.92 and a beta of 0.96.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. The firm had revenue of $51.88 million for the quarter, compared to the consensus estimate of $57.03 million. During the same period in the previous year, the firm earned $0.20 EPS. On average, analysts predict that Ladder Capital will post 0.78 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.92 annualized dividend and a yield of 9.1%. Ladder Capital’s payout ratio is currently 209.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its stake in shares of Ladder Capital by 111.7% during the 1st quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 11,709 shares during the period. Caxton Associates LLP bought a new position in Ladder Capital during the first quarter valued at about $209,000. Jane Street Group LLC grew its position in Ladder Capital by 997.0% during the first quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock valued at $2,056,000 after buying an additional 163,800 shares during the period. Norges Bank purchased a new stake in Ladder Capital during the second quarter worth about $1,133,000. Finally, Marshall Wace LLP purchased a new stake in Ladder Capital during the second quarter worth about $183,000. 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.