Shares of Ladder Capital Corp (NYSE:LADR - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.93 and traded as low as $9.87. Ladder Capital shares last traded at $9.91, with a volume of 729,652 shares.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Ladder Capital from $11.00 to $10.75 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. Bank of America reaffirmed a "neutral" rating and issued a $10.25 target price on shares of Ladder Capital in a research report on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Ladder Capital in a research note on Friday, August 7th. Finally, Wall Street Zen raised Ladder Capital from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.36.
Read Our Latest Analysis on Ladder Capital
Ladder Capital Price Performance
The firm's 50-day moving average is $9.93 and its 200-day moving average is $10.12. The company has a debt-to-equity ratio of 2.81, a current ratio of 44.15 and a quick ratio of 44.15. The company has a market capitalization of $1.26 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.07 and a beta of 0.95.
Ladder Capital (NYSE:LADR - Get Free Report) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. The business had revenue of $57.76 million during the quarter, compared to analysts' expectations of $56.50 million. During the same period in the prior year, the company earned $0.23 earnings per share. Analysts predict that Ladder Capital Corp will post 0.72 EPS for the current fiscal year.
Ladder Capital Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Ladder Capital's dividend payout ratio (DPR) is currently 219.05%.
Insiders Place Their Bets
In related news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total transaction of $179,426.25. Following the transaction, the insider directly owned 428,684 shares in the company, valued at approximately $4,394,011. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.60% of the company's stock.
Institutional Trading of Ladder Capital
A number of hedge funds and other institutional investors have recently bought and sold shares of LADR. Public Employees Retirement System of Ohio purchased a new stake in Ladder Capital in the 2nd quarter worth approximately $27,000. CENTRAL TRUST Co bought a new stake in shares of Ladder Capital during the 1st quarter valued at $33,000. Sunbelt Securities Inc. raised its position in shares of Ladder Capital by 48,988.9% during the 1st quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 4,409 shares during the period. KBC Group NV purchased a new position in shares of Ladder Capital during the 1st quarter valued at $51,000. Finally, BROOKFIELD Corp ON boosted its holdings in Ladder Capital by 52.7% in the 1st quarter. BROOKFIELD Corp ON now owns 5,414 shares of the real estate investment trust's stock worth $53,000 after buying an additional 1,868 shares during the period. Hedge funds and other institutional investors own 62.25% of the company's stock.
Ladder Capital Company Profile
(
Get Free Report)
Ladder Capital Corp NYSE: LADR is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.
Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Ladder Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ladder Capital wasn't on the list.
While Ladder Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
