Ladder Capital Corp (NYSE:LADR) Given Average Rating of "Buy" by Analysts

Ladder Capital Corp (NYSE:LADR - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.17.

A number of equities analysts have commented on LADR shares. B. Riley upgraded shares of Ladder Capital to a "strong-buy" rating in a report on Tuesday, January 7th. StockNews.com cut Ladder Capital from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods lowered their price objective on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a research note on Monday, April 7th.

Hedge Funds Weigh In On Ladder Capital

Several large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Ladder Capital by 77.6% in the 4th 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 period. Raymond James Financial Inc. acquired a new position in Ladder Capital in the fourth quarter valued at approximately $7,981,000. Norges Bank bought a new position in shares of Ladder Capital during the fourth quarter valued at approximately $5,764,000. Balyasny Asset Management L.P. raised its position in shares of Ladder Capital by 35.1% during the 4th 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 purchasing an additional 461,739 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Ladder Capital by 98.9% in the 4th quarter. Franklin Resources Inc. now owns 832,848 shares of the real estate investment trust's stock worth $9,320,000 after purchasing an additional 414,135 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Stock Down 1.8 %

Shares of NYSE:LADR traded down $0.19 during mid-day trading on Monday, hitting $10.07. 281,940 shares of the company traded hands, compared to its average volume of 620,000. The firm's 50 day simple moving average is $11.11 and its 200 day simple moving average is $11.31. The firm has a market cap of $1.28 billion, a P/E ratio of 11.70 and a beta of 1.44. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96. 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 posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. On average, equities analysts anticipate that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.23 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.14%. Ladder Capital's dividend payout ratio (DPR) is 106.98%.

Ladder Capital Company Profile

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.