Analysts Set Ladder Capital Corp (NYSE:LADR) PT at $13.17

Shares of Ladder Capital Corp (NYSE:LADR - Get Free Report) have received an average recommendation of "Buy" from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.17.

Several brokerages have recently issued reports on LADR. Wall Street Zen downgraded Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods reduced their price target on Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a research report on Monday, April 7th.

Ladder Capital Stock Performance

NYSE LADR traded down $0.21 during trading hours on Tuesday, hitting $10.60. The company had a trading volume of 727,779 shares, compared to its average volume of 654,792. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. The firm has a market cap of $1.36 billion, a P/E ratio of 12.32 and a beta of 1.01. Ladder Capital has a fifty-two week low of $9.68 and a fifty-two week high of $12.48. The business has a fifty day simple moving average of $10.40 and a 200-day simple moving average of $11.09.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its quarterly earnings data 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 net margin of 21.36% and a return on equity of 8.77%. The firm had revenue of $51.20 million during the quarter, compared to the consensus estimate of $65.15 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities analysts predict that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.68%. Ladder Capital's dividend payout ratio is currently 112.20%.

Institutional Investors Weigh In On Ladder Capital

Several hedge funds and other institutional investors have recently bought and sold shares of LADR. Access Investment Management LLC raised its holdings in shares of Ladder Capital by 0.4% in the 4th quarter. Access Investment Management LLC now owns 284,064 shares of the real estate investment trust's stock worth $3,179,000 after purchasing an additional 1,145 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Ladder Capital by 7.6% in the first quarter. Mackenzie Financial Corp now owns 20,785 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 1,473 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Ladder Capital by 2.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 61,118 shares of the real estate investment trust's stock valued at $712,000 after acquiring an additional 1,741 shares in the last quarter. Aviso Wealth Management boosted its stake in Ladder Capital by 1.4% in the 1st quarter. Aviso Wealth Management now owns 128,485 shares of the real estate investment trust's stock worth $1,466,000 after purchasing an additional 1,812 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Ladder Capital by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,336 shares of the real estate investment trust's stock valued at $563,000 after purchasing an additional 2,251 shares during the period. 62.25% of the stock is currently owned by institutional investors.

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.