Ladder Capital Corp (NYSE:LADR) Receives $13.17 Consensus Target Price from Analysts

Shares of Ladder Capital Corp (NYSE:LADR) have been given a consensus rating of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $13.17.

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating for the company in a research report on Monday, April 7th.

Hedge Funds Weigh In On Ladder Capital

A number of large investors have recently modified their holdings of LADR. MML Investors Services LLC boosted its position in shares of Ladder Capital by 17.4% in the third quarter. MML Investors Services LLC now owns 37,565 shares of the real estate investment trust’s stock valued at $436,000 after acquiring an additional 5,575 shares during the period. Barclays PLC grew its stake in Ladder Capital by 28.3% in the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust’s stock worth $2,382,000 after buying an additional 45,294 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ladder Capital by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock worth $30,743,000 after buying an additional 8,178 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Ladder Capital by 23.1% during the 3rd quarter. Franklin Resources Inc. now owns 418,713 shares of the real estate investment trust’s stock valued at $4,698,000 after buying an additional 78,562 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Ladder Capital by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after acquiring an additional 96,573 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Stock Performance

NYSE LADR opened at $10.21 on Monday. Ladder Capital has a 52-week low of $9.68 and a 52-week high of $12.48. The company has a 50-day simple moving average of $11.08 and a 200 day simple moving average of $11.31. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. The company has a market capitalization of $1.30 billion, a PE ratio of 11.87 and a beta of 1.44.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. On average, research analysts predict that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.23 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.01%. Ladder Capital’s dividend payout ratio (DPR) is currently 106.98%.

Ladder Capital Company Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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.