Ladder Capital (NYSE:LADR) Reaches New 52-Week Low - What's Next?

Key Points

• Ladder Capital fell to a new 52-week low of $8.41, below its previous close of $8.52.
• The REIT beat quarterly earnings estimates, reporting EPS of $0.35 versus $0.33 expected; revenue rose 16.1% year over year to $118.9 million.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $12.29. The quarterly dividend annualizes to $0.92, a 10.9% yield, though the payout ratio is 115%.

Ladder Capital Corp (NYSE:LADR - Get Free Report)'s stock price hit a new 52-week low during trading on Friday. The stock traded as low as $8.41 and last traded at $8.4060, with a volume of 213,293 shares traded. The stock had previously closed at $8.52.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings upgraded Ladder Capital from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, October 27th. Bank of America reiterated a "neutral" rating and set a $10.25 target price on shares of Ladder Capital in a report on Wednesday, July 29th. B. Riley Financial restated a "buy" rating on shares of Ladder Capital in a report on Monday, October 19th. Zacks Research raised shares of Ladder Capital from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Ladder Capital from $10.75 to $10.25 and set an "outperform" rating for the company in a research note on Friday, October 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.29.

Ladder Capital Stock Down 0.6%

The firm has a 50-day simple moving average of $9.14 and a 200 day simple moving average of $9.87. The company has a debt-to-equity ratio of 2.98, a current ratio of 49.90 and a quick ratio of 49.89. The company has a market capitalization of $1.07 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.88 and a beta of 0.96.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its earnings results on Friday, October 16th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Ladder Capital had a return on equity of 6.98% and a net margin of 23.70%. The company had revenue of $118.90 million during the quarter, compared to the consensus estimate of $79.67 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company's revenue was up 16.1% compared to the same quarter last year. On average, research analysts predict that Ladder Capital Corp will post 0.82 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date was Wednesday, September 30th. Ladder Capital's dividend payout ratio is currently 115.00%.

Institutional Trading of Ladder Capital

Several large investors have recently bought and sold shares of LADR. State Street Corp boosted its stake in shares of Ladder Capital by 4.5% in the second quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust's stock valued at $30,331,000 after purchasing an additional 129,665 shares during the period. Kestra Advisory Services LLC grew its holdings in Ladder Capital by 473.9% during the 1st quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust's stock valued at $3,019,000 after purchasing an additional 255,164 shares in the last quarter. Wellington Management Group LLP increased its stake in Ladder Capital by 80.5% during the 2nd quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust's stock worth $35,623,000 after buying an additional 1,596,839 shares during the period. Jupiter Topco LLC purchased a new stake in Ladder Capital during the 2nd quarter worth $543,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Ladder Capital during the 3rd quarter worth $578,000. Institutional investors and hedge funds own 62.25% of the company's stock.

About Ladder Capital

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust. It originates and invests in loans and other assets tied to commercial properties, with a focus on first mortgage loans secured by real estate. The company also invests in commercial mortgage-backed securities and U.S. government securities, and owns commercial real estate. Its lending and investment activities span property types and markets across the United States. Founded in 2008, Ladder Capital is headquartered in New York.

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