Ladder Capital Corp (NYSE:LADR) Stock Has Average Price Target of $12.29

Ladder Capital Corp (NYSE:LADR) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat reports. One 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 target price among analysts that have issued ratings on the stock in the last year is $12.29.

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Ladder Capital from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Weiss Ratings cut shares of Ladder Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Ladder Capital in a research report on Monday, October 19th. Bank of America reiterated a “neutral” rating and set a $10.25 target price on shares of Ladder Capital in a research note on Wednesday, July 29th. Finally, Zacks Research raised Ladder Capital from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th.

Institutional Trading of Ladder Capital

A number of large investors have recently made changes to their positions in LADR. Wellington Management Group LLP increased its position in Ladder Capital by 80.5% in the 2nd quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock valued at $35,623,000 after acquiring an additional 1,596,839 shares during the period. State Street Corp raised its stake in Ladder Capital by 4.5% during the 2nd quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock valued at $30,331,000 after acquiring an additional 129,665 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Ladder Capital by 10.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,027,255 shares of the real estate investment trust’s stock valued at $10,221,000 after acquiring an additional 97,147 shares during the last quarter. Access Investment Management LLC lifted its position in Ladder Capital by 18.3% during the 3rd quarter. Access Investment Management LLC now owns 571,897 shares of the real estate investment trust’s stock worth $4,993,000 after acquiring an additional 88,451 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Ladder Capital by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 515,529 shares of the real estate investment trust’s stock worth $5,037,000 after acquiring an additional 15,899 shares during the period. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Price Performance

Ladder Capital stock opened at $9.31 on Friday. Ladder Capital has a fifty-two week low of $8.48 and a fifty-two week high of $11.48. The company has a debt-to-equity ratio of 2.81, a quick ratio of 44.15 and a current ratio of 44.15. The firm has a 50 day moving average price of $9.36 and a 200 day moving average price of $9.80. The company has a market capitalization of $1.18 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, October 15th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $118.90 million for the quarter, compared to the consensus estimate of $79.67 million. Ladder Capital had a net margin of 23.70% and a return on equity of 6.99%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. Research analysts expect that Ladder Capital will post 0.89 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.9%. The ex-dividend date was Wednesday, September 30th. Ladder Capital’s dividend payout ratio (DPR) is currently 115.00%.

Ladder Capital Company Profile

Ladder Capital Corp. (NYSE:LADR) is a commercial real estate finance company that operates as a real estate investment trust. Founded in 2008 and headquartered in New York, the company provides financing to commercial property owners and invests in commercial real estate-related assets.

Ladder Capital’s activities include originating and acquiring first mortgage loans, mezzanine loans and other commercial real estate debt, as well as investing in commercial mortgage-backed securities. The company also owns and manages a portfolio of commercial real estate properties, giving it exposure to both real estate lending and property ownership.

The company primarily serves the United States commercial real estate market, with investments and lending activities spanning property types such as office, multifamily, industrial, retail and hospitality.