Ladder Capital Corp (NYSE:LADR) Receives $13.17 Average PT from Brokerages

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

LADR has been the subject of several analyst reports. Wall Street Zen cut shares of Ladder Capital from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods dropped their price target on shares of 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 Trading Up 0.4%

Shares of Ladder Capital stock traded up $0.04 during trading on Tuesday, reaching $10.80. The company's stock had a trading volume of 359,582 shares, compared to its average volume of 654,498. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 12.56 and a beta of 1.01. 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's 50-day moving average is $10.40 and its two-hundred day moving average is $11.09. 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 announced 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). The firm had revenue of $51.20 million for the quarter, compared to analysts' expectations of $65.15 million. Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. During the same period in the previous year, the company earned $0.33 EPS. On average, sell-side analysts anticipate that Ladder Capital will post 1.03 earnings per share for the current year.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.23 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.52%. Ladder Capital's dividend payout ratio is 112.20%.

Institutional Investors Weigh In On Ladder Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV purchased a new stake in shares of Ladder Capital in the 1st quarter worth about $31,000. Versant Capital Management Inc bought a new position in shares of Ladder Capital in the 1st quarter worth about $38,000. Sterling Capital Management LLC increased its stake in shares of Ladder Capital by 816.1% in the 4th quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 3,240 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Ladder Capital in the 4th quarter worth about $84,000. 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 worth $102,000 after acquiring an additional 5,189 shares in the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

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.