Ladder Capital (NYSE:LADR) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Ladder Capital Corp (NYSE:LADR)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $9.34 and traded as high as $9.40. Ladder Capital shares last traded at $9.3650, with a volume of 3,246,634 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LADR shares. Bank of America reissued a “neutral” rating and issued a $10.25 price objective on shares of Ladder Capital in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods cut their target price on shares of Ladder Capital from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Friday, October 9th. Zacks Research raised shares of Ladder Capital from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings lowered shares of Ladder Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ladder Capital in a research report on Monday, October 19th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ladder Capital presently has an average rating of “Hold” and an average target price of $12.29.

Ladder Capital Price Performance

The stock has a fifty day moving average price of $9.34 and a two-hundred day moving average price of $9.98.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Friday, October 16th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $118.90 million during the quarter, compared to analysts’ expectations of $79.67 million. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. Equities research analysts anticipate that Ladder Capital Corp will post 0.82 EPS for the current year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.92 annualized dividend and a yield of 9.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LADR. Wellington Management Group LLP boosted its stake in shares of Ladder Capital by 80.5% during the 2nd quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock worth $35,623,000 after purchasing an additional 1,596,839 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Ladder Capital by 473.9% in the first quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust’s stock valued at $3,019,000 after buying an additional 255,164 shares during the last quarter. State Street Corp raised its position in shares of Ladder Capital by 4.5% in the second quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock valued at $30,331,000 after buying an additional 129,665 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Ladder Capital by 10.4% in the second quarter. Allianz Asset Management GmbH now owns 1,027,255 shares of the real estate investment trust’s stock valued at $10,221,000 after buying an additional 97,147 shares during the last quarter. Finally, Access Investment Management LLC lifted its stake in shares of Ladder Capital by 18.3% during the third quarter. Access Investment Management LLC now owns 571,897 shares of the real estate investment trust’s stock valued at $4,993,000 after buying an additional 88,451 shares during the period. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

About Ladder Capital

Ladder Capital Corp. (NYSE:LADR) is a commercial real estate finance company that operates as a real estate investment trust. Founded in 2008 and headquartered in New York, the company provides financing to commercial property owners and invests in commercial real estate-related assets.

Ladder Capital’s activities include originating and acquiring first mortgage loans, mezzanine loans and other commercial real estate debt, as well as investing in commercial mortgage-backed securities. The company also owns and manages a portfolio of commercial real estate properties, giving it exposure to both real estate lending and property ownership.

The company primarily serves the United States commercial real estate market, with investments and lending activities spanning property types such as office, multifamily, industrial, retail and hospitality.