Keefe, Bruyette & Woods Cuts Ladder Capital (NYSE:LADR) Price Target to $10.75

Ladder Capital (NYSE:LADR) had its price target lowered by Keefe, Bruyette & Woods from $11.00 to $10.75 in a report published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

LADR has been the topic of several other reports. Weiss Ratings cut Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Wall Street Zen upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.36.

Ladder Capital Trading Down 1.3%

NYSE LADR opened at $9.69 on Tuesday. The company has a quick ratio of 58.90, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. Ladder Capital has a twelve month low of $9.43 and a twelve month high of $11.92. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. The business’s fifty day moving average is $10.03 and its 200 day moving average is $10.23.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $57.76 million during the quarter, compared to analysts’ expectations of $56.50 million. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, sell-side analysts expect that Ladder Capital will post 0.74 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Ladder Capital’s dividend payout ratio (DPR) is currently 219.05%.

Insider Activity at Ladder Capital

In other Ladder Capital news, insider Robert Perelman sold 17,505 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total value of $179,426.25. Following the sale, the insider owned 428,684 shares in the company, valued at approximately $4,394,011. The trade was a 3.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 12.60% of the company’s stock.

Hedge Funds Weigh In On Ladder Capital

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 931 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in Ladder Capital by 500.0% during 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 purchasing an additional 2,500 shares during the period. CENTRAL TRUST Co acquired a new stake in Ladder Capital during the 1st quarter valued at approximately $33,000. Sunbelt Securities Inc. raised its holdings in Ladder Capital by 48,988.9% during the 1st quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 4,409 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Ladder Capital by 128.6% during the 3rd quarter. Allworth Financial LP now owns 5,179 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 2,913 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

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.