Wall Street Zen Upgrades Ladder Capital (NYSE:LADR) to "Hold"

Wall Street Zen upgraded shares of Ladder Capital (NYSE:LADR - Free Report) from a sell rating to a hold rating in a research note issued to investors on Friday.

Separately, Keefe, Bruyette & Woods raised their target price on Ladder Capital from $11.50 to $11.75 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.06.

Ladder Capital Price Performance

LADR stock traded down $0.04 during trading on Friday, hitting $11.03. The company had a trading volume of 986,084 shares, compared to its average volume of 682,812. The business has a 50 day moving average of $10.72 and a 200 day moving average of $10.95. Ladder Capital has a fifty-two week low of $9.68 and a fifty-two week high of $12.48. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 3.30 and a beta of 1.00. The company has a current ratio of 48.72, a quick ratio of 48.71 and a debt-to-equity ratio of 1.83.

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 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Ladder Capital had a net margin of 21.81% and a return on equity of 7.82%. The company had revenue of $51.20 million during the quarter, compared to analyst estimates of $65.15 million. During the same period in the prior year, the firm earned $0.33 EPS. As a group, research analysts predict that Ladder Capital will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.34%. The ex-dividend date of this dividend was Monday, June 30th. Ladder Capital's payout ratio is currently 112.20%.

Institutional Trading of Ladder Capital

Large investors have recently bought and sold shares of the business. KBC Group NV purchased a new position in Ladder Capital during the 1st quarter valued at about $31,000. Versant Capital Management Inc acquired a new position in shares of Ladder Capital during the first quarter worth $38,000. Sterling Capital Management LLC increased its stake in shares of Ladder Capital by 816.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust's stock worth $41,000 after buying an additional 3,240 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in Ladder Capital during the fourth quarter valued at $84,000. Finally, Coppell Advisory Solutions LLC grew its position in shares of Ladder Capital by 138.6% during the first 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 during the last quarter. Institutional investors and hedge funds own 62.25% of the company's stock.

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.