Ladder Capital Corp (NYSE:LADR) Given Consensus Recommendation of “Hold” by Analysts

Ladder Capital Corp (NYSE:LADR) has received an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.3571.

Several analysts have commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Ladder Capital from $11.00 to $10.75 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Bank of America restated a “neutral” rating and set a $10.25 price target on shares of Ladder Capital in a report on Wednesday, July 29th. Wall Street Zen raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ladder Capital in a report on Friday, August 7th.

Insider Buying and Selling at Ladder Capital

In other 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 transaction of $179,426.25. Following the completion of the sale, the insider owned 428,684 shares in the company, valued at approximately $4,394,011. This represents a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LADR. Seven Mile Advisory boosted its position in Ladder Capital by 4.0% during the fourth quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 992 shares during the period. Nebula Research & Development LLC grew its holdings in Ladder Capital by 3.1% during the second quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 1,008 shares during the last quarter. Royal Bank of Canada raised its position in shares of Ladder Capital by 2.6% in the first quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 1,026 shares during the period. ProShare Advisors LLC raised its position in shares of Ladder Capital by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 20,883 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 1,343 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Ladder Capital by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 60,836 shares of the real estate investment trust’s stock worth $654,000 after buying an additional 1,416 shares during the last quarter. 62.25% of the stock is owned by institutional investors.

Ladder Capital Trading Down 0.4%

NYSE:LADR opened at $9.99 on Friday. The stock has a market cap of $1.27 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 1.07 and a beta of 0.95. Ladder Capital has a fifty-two week low of $9.38 and a fifty-two week high of $11.92. The company has a debt-to-equity ratio of 2.81, a current ratio of 44.15 and a quick ratio of 44.15. The stock’s 50-day moving average is $9.93 and its two-hundred day moving average is $10.13.

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, meeting analysts’ consensus estimates of $0.24. The company had revenue of $57.76 million during the quarter, compared to analyst estimates of $56.50 million. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. During the same quarter last year, the business posted $0.23 EPS. As a group, equities research analysts forecast that Ladder Capital will post 0.72 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.2%. The ex-dividend date was Tuesday, June 30th. Ladder Capital’s dividend payout ratio (DPR) is 219.05%.

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.