ValuEngine downgraded shares of Ladder Capital (NYSE:LADR) from a strong-buy rating to a buy rating in a report published on Wednesday.
LADR has been the subject of a number of other reports. Zacks Investment Research upgraded Ladder Capital from a hold rating to a buy rating and set a $17.00 price objective for the company in a report on Tuesday, March 13th. Bank of America increased their price objective on Ladder Capital from $16.00 to $18.00 and gave the company a buy rating in a report on Monday, March 19th. B. Riley restated a buy rating and issued a $16.00 price objective on shares of Ladder Capital in a report on Wednesday. Raymond James began coverage on Ladder Capital in a report on Tuesday, March 27th. They issued a strong-buy rating and a $17.50 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated a buy rating and set a $16.50 price target on shares of Ladder Capital in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Ladder Capital has a consensus rating of Buy and a consensus price target of $17.00.
NYSE LADR opened at $14.12 on Wednesday. The firm has a market capitalization of $1,573.56, a P/E ratio of 10.38, a P/E/G ratio of 2.03 and a beta of 0.89. Ladder Capital has a twelve month low of $12.82 and a twelve month high of $15.39. The company has a debt-to-equity ratio of 2.94, a current ratio of 62.36 and a quick ratio of 62.36.
Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). The company had revenue of $126.10 million during the quarter, compared to analyst estimates of $71.78 million. Ladder Capital had a net margin of 20.78% and a return on equity of 10.30%. sell-side analysts anticipate that Ladder Capital will post 1.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 12th were issued a dividend of $0.315 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $1.26 dividend on an annualized basis and a yield of 8.92%. Ladder Capital’s payout ratio is currently 92.65%.
A number of institutional investors have recently modified their holdings of the business. Bramshill Investments LLC acquired a new stake in Ladder Capital during the 4th quarter worth about $1,083,000. Millennium Management LLC acquired a new stake in Ladder Capital during the 4th quarter worth about $21,314,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Ladder Capital by 48.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 76,259 shares of the real estate investment trust’s stock worth $1,040,000 after acquiring an additional 24,834 shares during the period. Teachers Advisors LLC grew its holdings in Ladder Capital by 9.4% during the 4th quarter. Teachers Advisors LLC now owns 137,578 shares of the real estate investment trust’s stock worth $1,875,000 after acquiring an additional 11,801 shares during the period. Finally, HBK Investments L P grew its holdings in Ladder Capital by 36.9% during the 4th quarter. HBK Investments L P now owns 31,798 shares of the real estate investment trust’s stock worth $433,000 after acquiring an additional 8,569 shares during the period. Hedge funds and other institutional investors own 49.66% of the company’s stock.
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Ladder Capital Company Profile
Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.
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