Ladder Capital (NYSE:LADR) Given New $11.75 Price Target at Keefe, Bruyette & Woods

Ladder Capital (NYSE:LADR - Free Report) had its price target increased by Keefe, Bruyette & Woods from $11.50 to $11.75 in a research report report published on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the real estate investment trust's stock.

Separately, Wall Street Zen lowered Ladder Capital from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.15.

Ladder Capital Stock Performance

LADR stock traded down $0.06 during midday trading on Thursday, reaching $11.11. The stock had a trading volume of 1,158,975 shares, compared to its average volume of 673,858. The stock has a market cap of $1.42 billion, a PE ratio of 13.55, a P/E/G ratio of 3.34 and a beta of 1.00. The company has a debt-to-equity ratio of 1.83, a quick ratio of 48.71 and a current ratio of 48.72. The firm has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $10.96. Ladder Capital has a 52-week low of $9.68 and a 52-week high of $12.48.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). The firm had revenue of $51.20 million during the quarter, compared to analysts' expectations of $65.15 million. Ladder Capital had a return on equity of 7.82% and a net margin of 21.81%. During the same quarter last year, the business earned $0.33 EPS. As a group, equities research analysts anticipate that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.28%. Ladder Capital's payout ratio is currently 112.20%.

Hedge Funds Weigh In On Ladder Capital

A number of institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in shares of Ladder Capital by 30.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 30,314 shares of the real estate investment trust's stock valued at $326,000 after buying an additional 7,024 shares during the last quarter. Strs Ohio purchased a new position in shares of Ladder Capital in the 1st quarter valued at about $242,000. Jane Street Group LLC increased its stake in shares of Ladder Capital by 997.0% in the 1st quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust's stock valued at $2,056,000 after purchasing an additional 163,800 shares in the last quarter. Palogic Value Management L.P. increased its stake in shares of Ladder Capital by 10.8% in the 1st quarter. Palogic Value Management L.P. now owns 137,624 shares of the real estate investment trust's stock valued at $1,570,000 after purchasing an additional 13,389 shares in the last quarter. Finally, Coppell Advisory Solutions LLC increased its stake in shares of Ladder Capital by 138.6% in the 1st quarter. Coppell Advisory Solutions LLC now owns 8,933 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 5,189 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company's stock.

About Ladder Capital

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.