Ladder Capital (NYSE:LADR) Sets New 1-Year Low – What’s Next?

Ladder Capital Corp (NYSE:LADRGet Free Report)’s share price hit a new 52-week low on Thursday . The company traded as low as $9.60 and last traded at $9.6260, with a volume of 91734 shares changing hands. The stock had previously closed at $9.75.

Key Headlines Impacting Ladder Capital

Here are the key news stories impacting Ladder Capital this week:

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LADR. Keefe, Bruyette & Woods decreased their target price on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings downgraded Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.75.

View Our Latest Research Report on LADR

Ladder Capital Price Performance

The firm has a 50 day moving average price of $10.04 and a 200 day moving average price of $10.27. The stock has a market capitalization of $1.24 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 0.88 and a beta of 0.95. The company has a current ratio of 58.90, a quick ratio of 58.90 and a debt-to-equity ratio of 2.79.

Ladder Capital (NYSE:LADRGet Free Report) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Ladder Capital had a return on equity of 5.87% and a net margin of 12.62%.The company had revenue of $57.76 million for the quarter, compared to the consensus estimate of $56.50 million. During the same period in the previous year, the business earned $0.23 earnings per share. Research analysts anticipate that Ladder Capital Corp will post 0.75 earnings per share for the current year.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Ladder Capital’s payout ratio is presently 219.05%.

Insider Buying and Selling at Ladder Capital

In related news, insider Robert Perelman sold 17,505 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total transaction of $179,426.25. Following the completion of the transaction, the insider directly owned 428,684 shares in the company, valued at approximately $4,394,011. The trade was a 3.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ladder Capital

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Ladder Capital by 63.8% during the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 931 shares during the last quarter. Seven Mile Advisory grew its position in shares of Ladder Capital by 4.0% during the 4th quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 992 shares in the last quarter. Nebula Research & Development LLC raised its holdings in shares of Ladder Capital by 3.1% in the 2nd quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 1,008 shares in the last quarter. Royal Bank of Canada boosted its position in Ladder Capital by 2.6% during the 1st quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock valued at $399,000 after acquiring an additional 1,026 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Ladder Capital by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 20,883 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 1,343 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

About Ladder Capital

(Get Free Report)

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.

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