Ladder Capital Corp (NYSE:LADR) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analyst consensus is “Hold” among seven brokerages, with four buys, two holds and one sell; the average 12-month price target is $12.36.
• Ladder Capital reported quarterly EPS of $0.24, in line with estimates, while revenue of $57.76 million exceeded the $56.50 million consensus forecast.
• The company pays a quarterly dividend of $0.23 per share, equivalent to an annualized yield of approximately 9.4%, although its 219% payout ratio is notably high.

Shares of Ladder Capital Corp (NYSE:LADR - Get Free Report) have earned an average rating of "Hold" from the seven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $12.3571.

A number of equities analysts have recently issued reports on the company. Bank of America restated a "neutral" rating and set a $10.25 price objective on shares of Ladder Capital in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ladder Capital in a research note on Friday, August 7th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Ladder Capital from $11.00 to $10.75 and set an "outperform" rating for the company in a research report on Tuesday, July 28th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LADR. Public Employees Retirement System of Ohio bought a new position in Ladder Capital in the second quarter worth approximately $27,000. CENTRAL TRUST Co acquired a new stake in Ladder Capital in the first quarter valued at approximately $33,000. Sunbelt Securities Inc. increased its holdings in shares of Ladder Capital by 48,988.9% during the first quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 4,409 shares in the last quarter. KBC Group NV bought a new stake in shares of Ladder Capital during the first quarter valued at approximately $51,000. Finally, BROOKFIELD Corp ON raised its position in shares of Ladder Capital by 52.7% during the first quarter. BROOKFIELD Corp ON now owns 5,414 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 1,868 shares during the period. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Price Performance

LADR stock opened at $9.81 on Thursday. The company's 50-day moving average price is $9.86 and its two-hundred day moving average price is $10.05. The firm has a market cap of $1.25 billion, a P/E ratio of 23.37, a P/E/G ratio of 1.04 and a beta of 0.96. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. Ladder Capital has a 12 month low of $9.38 and a 12 month high of $11.92.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share for the quarter, hitting analysts' consensus estimates of $0.24. The company had revenue of $57.76 million during the quarter, compared to the consensus estimate of $56.50 million. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, analysts anticipate that Ladder Capital will post 0.72 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

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

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.

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