Ladder Capital Corp (NYSE:LADR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Ladder Capital Corp (NYSE:LADR) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.9167.

A number of equities analysts have weighed in on the stock. BTIG Research reaffirmed a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a research note on Monday, February 2nd. HSBC set a $13.00 price target on Ladder Capital in a research report on Wednesday, January 21st. Zacks Research downgraded Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Susquehanna set a $13.00 price objective on Ladder Capital in a research report on Wednesday, January 21st. Finally, B. Riley Financial started coverage on Ladder Capital in a research note on Monday, January 5th. They set a “buy” rating and a $13.00 price objective for the company.

Hedge Funds Weigh In On Ladder Capital

Hedge funds have recently bought and sold shares of the company. Access Investment Management LLC lifted its stake in shares of Ladder Capital by 28.1% in the third quarter. Access Investment Management LLC now owns 440,384 shares of the real estate investment trust’s stock worth $4,805,000 after buying an additional 96,630 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Ladder Capital by 49.8% during the third quarter. Allianz Asset Management GmbH now owns 623,013 shares of the real estate investment trust’s stock valued at $6,797,000 after acquiring an additional 207,167 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Ladder Capital by 81,503.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 372,110 shares of the real estate investment trust’s stock worth $4,000,000 after acquiring an additional 371,654 shares during the last quarter. Geode Capital Management LLC raised its holdings in Ladder Capital by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust’s stock worth $28,771,000 after acquiring an additional 20,022 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Ladder Capital in the 3rd quarter valued at approximately $2,282,000. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Down 0.2%

Shares of Ladder Capital stock opened at $10.15 on Thursday. Ladder Capital has a 1 year low of $9.68 and a 1 year high of $11.92. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 0.76 and a beta of 1.00. The company has a 50-day moving average of $10.70 and a 200 day moving average of $10.93. The company has a debt-to-equity ratio of 2.37, a current ratio of 29.65 and a quick ratio of 29.65.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 9.1%. Ladder Capital’s dividend payout ratio (DPR) is presently 180.39%.

Ladder Capital Company Profile

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.