Ladder Capital (NYSE:LADR) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Shares of Ladder Capital Corp (NYSE:LADR) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.07 and traded as low as $9.89. Ladder Capital shares last traded at $9.9980, with a volume of 594,738 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup reiterated a “market outperform” rating on shares of Ladder Capital in a report on Wednesday, January 21st. Susquehanna set a $13.00 target price on Ladder Capital in a report on Wednesday, January 21st. HSBC set a $13.00 target price on Ladder Capital in a report on Wednesday, January 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Finally, Capital One Financial set a $13.00 price objective on shares of Ladder Capital in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ladder Capital has an average rating of “Moderate Buy” and an average target price of $12.75.

Ladder Capital Stock Up 0.6%

The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 0.90 and a beta of 0.98. The stock has a 50 day simple moving average of $10.07 and a 200 day simple moving average of $10.56. 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 issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $51.88 million during the quarter, compared to analysts’ expectations of $57.03 million. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. During the same period last year, the company earned $0.20 earnings per share. As a group, analysts expect that Ladder Capital Corp will post 0.78 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date was Tuesday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is currently 209.09%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Ladder Capital by 63.8% during the fourth quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 931 shares during the last quarter. Capital Square LLC boosted its position in shares of Ladder Capital by 1.2% during the third quarter. Capital Square LLC now owns 80,894 shares of the real estate investment trust’s stock valued at $883,000 after buying an additional 986 shares during the last quarter. Seven Mile Advisory boosted its position in shares of Ladder Capital by 4.0% during the fourth quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 992 shares during the last quarter. Nebula Research & Development LLC boosted its position in shares of Ladder Capital by 3.1% during the second quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 1,008 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Ladder Capital by 2.6% during the first quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 1,026 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

About Ladder Capital

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.