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

Key Points

• Analyst consensus is “Hold” across seven brokerages, with four buy ratings, two holds and one sell; the average 12-month price target is $12.29.
• Ladder Capital reported quarterly EPS of $0.35, beating estimates of $0.33, while revenue reached $118.9 million, up 16.1% year over year and well above expectations.
• The REIT maintains an annualized dividend of $0.92 per share, representing a high 9.9% yield, although its 115% payout ratio exceeds reported earnings.

Shares of Ladder Capital Corp (NYSE:LADR - Get Free Report) have received an average recommendation of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $12.29.

Several analysts have recently issued reports on the stock. Bank of America reissued a "neutral" rating and set a $10.25 price target on shares of Ladder Capital in a research report on Wednesday, July 29th. Weiss Ratings cut shares of Ladder Capital from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. B. Riley Financial reaffirmed a "buy" rating on shares of Ladder Capital in a research note on Monday. Keefe, Bruyette & Woods cut their target price on shares of Ladder Capital from $10.75 to $10.25 and set an "outperform" rating on the stock in a research note on Friday, October 9th. Finally, Zacks Research upgraded shares of Ladder Capital from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th.

Ladder Capital Price Performance

Ladder Capital stock opened at $9.33 on Friday. Ladder Capital has a 12-month low of $8.48 and a 12-month high of $11.48. The stock has a market cap of $1.18 billion, a P/E ratio of 11.66, a PEG ratio of 0.90 and a beta of 0.98. The company has a 50-day moving average price of $9.38 and a 200 day moving average price of $9.80. The company has a current ratio of 44.15, a quick ratio of 44.15 and a debt-to-equity ratio of 2.81.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its earnings results on Thursday, October 15th. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The company had revenue of $118.90 million for the quarter, compared to the consensus estimate of $79.67 million. Ladder Capital had a return on equity of 6.99% and a net margin of 23.70%. The company's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. Sell-side analysts anticipate that Ladder Capital will post 0.77 earnings per share for the current year.

Ladder Capital Dividend Announcement

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

Institutional Trading of Ladder Capital

Institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in shares of Ladder Capital by 4.5% during the second quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust's stock worth $30,331,000 after acquiring an additional 129,665 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Ladder Capital by 473.9% in the 1st quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust's stock valued at $3,019,000 after acquiring an additional 255,164 shares during the period. Wellington Management Group LLP raised 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 purchasing an additional 1,596,839 shares during the last quarter. Jupiter Topco LLC purchased a new stake in Ladder Capital in the 2nd quarter valued at $543,000. Finally, Edgestream Partners L.P. raised its position in Ladder Capital by 21.0% in the 1st quarter. Edgestream Partners L.P. now owns 307,558 shares of the real estate investment trust's stock valued at $3,005,000 after purchasing an additional 53,478 shares during the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

About Ladder Capital

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.

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