Ladder Capital (NYSE:LADR) Stock Gets Price Target Trim from Keefe, Bruyette & Woods

Ladder Capital (NYSE:LADR) had its price objective decreased by Keefe, Bruyette & Woods from $10.75 to $10.25 in a research note published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on the company. Bank of America restated a “neutral” rating and issued a $10.25 price objective on shares of Ladder Capital in a research report on Wednesday, July 29th. Zacks Research raised Ladder Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ladder Capital in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.29.

Ladder Capital Trading Up 0.1%

Shares of Ladder Capital stock opened at $8.78 on Friday. Ladder Capital has a 1 year low of $8.48 and a 1 year high of $11.48. 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 business has a 50 day moving average price of $9.52 and a 200 day moving average price of $9.86. The company has a market capitalization of $1.11 billion, a P/E ratio of 20.89, a P/E/G ratio of 0.93 and a beta of 0.98.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $57.76 million for 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. Sell-side analysts anticipate that Ladder Capital will post 0.73 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 10.5%. Ladder Capital’s dividend payout ratio is presently 219.05%.

Institutional Trading of Ladder Capital

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Ladder Capital in the 2nd quarter valued at $27,000. Versant Capital Management Inc lifted its stake in shares of Ladder Capital by 161.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,599 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 2,224 shares during the period. CENTRAL TRUST Co acquired a new stake in shares of Ladder Capital during the first quarter worth $33,000. Sunbelt Securities Inc. boosted its holdings in shares of Ladder Capital by 48,988.9% during the first 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, KBC Group NV acquired a new stake in shares of Ladder Capital during the first quarter worth $51,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

About Ladder Capital

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital’s platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.