Ladder Capital Corp (NYSE:LADR) Given Consensus Rating of "Buy" by Brokerages

Shares of Ladder Capital Corp (NYSE:LADR - Get Free Report) have earned a consensus recommendation of "Buy" from the five research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.20.

A number of analysts have issued reports on the stock. Wall Street Zen cut shares of Ladder Capital from a "hold" rating to a "sell" rating in a research note on Saturday. Keefe, Bruyette & Woods reduced their price objective on shares of 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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in Ladder Capital by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,678,115 shares of the real estate investment trust's stock worth $18,778,000 after acquiring an additional 45,040 shares during the period. Victory Capital Management Inc. increased its position in Ladder Capital by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,680,014 shares of the real estate investment trust's stock worth $18,799,000 after acquiring an additional 39,695 shares during the period. Raymond James Financial Inc. bought a new position in Ladder Capital during the fourth quarter worth $7,981,000. Balyasny Asset Management L.P. increased its position in Ladder Capital by 35.1% during 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 period. Finally, Bank of America Corp DE increased its position in Ladder Capital by 18.7% during the fourth quarter. Bank of America Corp DE now owns 367,430 shares of the real estate investment trust's stock worth $4,112,000 after acquiring an additional 57,766 shares during the period. Institutional investors own 62.25% of the company's stock.

Ladder Capital Price Performance

NYSE LADR opened at $11.03 on Friday. The company has a quick ratio of 48.71, a current ratio of 48.72 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $1.41 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 3.31 and a beta of 1.00. The company has a 50 day moving average price of $10.59 and a two-hundred day moving average price of $10.97. Ladder Capital has a 12-month low of $9.68 and a 12-month high of $12.48.

Ladder Capital (NYSE:LADR - Get Free Report) last posted 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 business had revenue of $51.20 million during the quarter, compared to analyst estimates of $65.15 million. Ladder Capital had a net margin of 21.81% and a return on equity of 7.82%. During the same quarter last year, the firm earned $0.33 earnings per share. As a group, equities analysts predict that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.34%. The ex-dividend date is Monday, June 30th. Ladder Capital's payout ratio is 112.20%.

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.

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