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

Ladder Capital Corp (NYSE:LADR - Get Free Report) has earned a consensus recommendation of "Buy" from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $13.17.

LADR has been the topic of several recent analyst reports. StockNews.com lowered shares of Ladder Capital from a "buy" rating to a "hold" rating in a 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 note on Monday, April 7th.

Ladder Capital Trading Down 3.3%

Shares of LADR stock traded down $0.35 during trading hours on Friday, hitting $10.18. The company had a trading volume of 638,330 shares, compared to its average volume of 645,474. The company's fifty day moving average is $10.67 and its 200 day moving average is $11.22. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. Ladder Capital has a fifty-two week low of $9.68 and a fifty-two week high of $12.48. The stock has a market capitalization of $1.29 billion, a PE ratio of 11.83 and a beta of 1.01.

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 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. The company had revenue of $51.20 million during the quarter, compared to analyst estimates of $65.15 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. Research analysts expect that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.04%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital's dividend payout ratio (DPR) is presently 112.20%.

Institutional Investors Weigh In On Ladder Capital

A number of hedge funds and other institutional investors have recently modified their holdings of LADR. KBC Group NV purchased a new position in Ladder Capital in the first quarter valued at $31,000. Versant Capital Management Inc acquired a new position in shares of Ladder Capital during the 1st quarter worth about $38,000. Sterling Capital Management LLC boosted its position in shares of Ladder Capital by 816.1% during 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. purchased a new position in shares of Ladder Capital in the 4th quarter valued at about $84,000. Finally, Coppell Advisory Solutions LLC raised its position in shares of Ladder Capital by 138.6% during 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 currently owned by institutional investors and hedge funds.

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.