Ladder Capital Corp (NYSE:LADR) Receives Average Rating of "Buy" from Analysts

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

Several brokerages have recently weighed in on LADR. Keefe, Bruyette & Woods lowered their price objective on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. StockNews.com downgraded Ladder Capital from a "buy" rating to a "hold" rating in a report on Monday, February 24th.

Institutional Investors Weigh In On Ladder Capital

A number of institutional investors have recently added to or reduced their stakes in LADR. Vanguard Group Inc. lifted its stake in shares of Ladder Capital by 0.4% in the first quarter. Vanguard Group Inc. now owns 11,367,771 shares of the real estate investment trust's stock worth $129,706,000 after buying an additional 42,255 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Ladder Capital by 2.8% in the first quarter. Jennison Associates LLC now owns 6,955,381 shares of the real estate investment trust's stock valued at $79,361,000 after purchasing an additional 190,867 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Ladder Capital by 77.6% in the fourth 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 purchasing an additional 1,172,961 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Ladder Capital by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust's stock valued at $23,434,000 after purchasing an additional 96,573 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Ladder Capital in the 1st quarter valued at $22,261,000. Institutional investors and hedge funds own 62.25% of the company's stock.

Ladder Capital Stock Up 0.5%

Shares of NYSE LADR opened at $10.68 on Friday. 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 fifty day moving average is $10.75 and its 200 day moving average is $11.24. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 12.42 and a beta of 1.01. 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 the consensus estimate 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 last year, the business earned $0.33 EPS. On average, equities research analysts expect that Ladder Capital will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.61%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital's dividend payout ratio (DPR) is 112.20%.

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.

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