Keefe, Bruyette & Woods Raises Ladder Capital (NYSE:LADR) Price Target to $11.75

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

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

Ladder Capital Price Performance

Shares of LADR stock traded up $0.09 during trading on Thursday, hitting $11.18. The company had a trading volume of 623,874 shares, compared to its average volume of 672,593. The company has a debt-to-equity ratio of 1.83, a quick ratio of 48.71 and a current ratio of 48.72. Ladder Capital has a one year low of $9.68 and a one year high of $12.48. The firm has a market capitalization of $1.43 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 3.32 and a beta of 1.00. The stock's 50-day moving average price is $10.64 and its 200 day moving average price is $10.96.

Ladder Capital (NYSE:LADR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Ladder Capital had a return on equity of 7.82% and a net margin of 21.81%. The firm had revenue of $51.20 million for the quarter, compared to the consensus estimate of $65.15 million. During the same quarter last year, the firm posted $0.33 earnings per share. Equities analysts expect that Ladder Capital will post 1.03 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.23%. The ex-dividend date is Monday, June 30th. Ladder Capital's dividend payout ratio (DPR) is currently 112.20%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Ladder Capital by 0.4% during the first quarter. Vanguard Group Inc. now owns 11,367,771 shares of the real estate investment trust's stock valued at $129,706,000 after purchasing an additional 42,255 shares during the last quarter. Jennison Associates LLC increased its position in Ladder Capital by 2.8% during the 1st quarter. Jennison Associates LLC now owns 6,955,381 shares of the real estate investment trust's stock valued at $79,361,000 after buying an additional 190,867 shares in the last quarter. Wellington Management Group LLP raised its stake in Ladder Capital by 77.6% during the fourth quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock valued at $30,043,000 after buying an additional 1,172,961 shares during the last quarter. Nuveen LLC bought a new stake in Ladder Capital in the first quarter worth $22,261,000. Finally, Balyasny Asset Management L.P. grew its stake in shares of Ladder Capital by 35.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust's stock worth $19,896,000 after acquiring an additional 461,739 shares during the last quarter. 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.