Ladder Capital (NYSE:LADR) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Ladder Capital Corp (NYSE:LADR) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.12 and traded as low as $10.06. Ladder Capital shares last traded at $10.1050, with a volume of 599,133 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LADR. Citigroup reiterated a “market outperform” rating on shares of Ladder Capital in a report on Wednesday, January 21st. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. HSBC set a $13.00 price target on Ladder Capital in a report on Wednesday, January 21st. Susquehanna set a $13.00 price target on Ladder Capital in a report on Wednesday, January 21st. Finally, BTIG Research restated a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.75.

Ladder Capital Stock Down 1.5%

The firm has a fifty day simple moving average of $10.12 and a 200-day simple moving average of $10.61. The company has a market capitalization of $1.29 billion, a P/E ratio of 22.97, a P/E/G ratio of 0.93 and a beta of 0.98. The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.The company had revenue of $51.88 million during the quarter, compared to the consensus estimate of $57.03 million. During the same period in the prior year, the company earned $0.20 earnings per share. On average, equities research analysts expect that Ladder Capital Corp will post 0.78 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.1%. Ladder Capital’s dividend payout ratio (DPR) is presently 209.09%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LADR. AQR Capital Management LLC grew its holdings in shares of Ladder Capital by 111.7% during the first quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 11,709 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Ladder Capital during the first quarter worth about $209,000. Jane Street Group LLC grew its holdings in shares of Ladder Capital by 997.0% during the first quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock worth $2,056,000 after buying an additional 163,800 shares in the last quarter. Norges Bank bought a new position in shares of Ladder Capital during the second quarter worth about $1,133,000. Finally, Marshall Wace LLP bought a new position in shares of Ladder Capital during the second quarter worth about $183,000. 62.25% of the stock is currently owned by institutional investors.

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.