Ladder Capital (NYSE:LADR) Sets New 1-Year Low - Here's What Happened

Key Points

• Ladder Capital shares fell to a new 52-week low of $9.30, last trading near $9.29 versus a prior close of $9.41. The stock’s consensus analyst rating is “Hold,” with an average price target of $12.36.
• The REIT reported quarterly EPS of $0.24, matching estimates, while revenue of $57.76 million exceeded the $56.50 million consensus forecast. Analysts expect full-year EPS of approximately $0.72.
• Ladder Capital declared a quarterly dividend of $0.23 per share, equivalent to $0.92 annually and a 10% yield. Its payout ratio is high at 219.05%, while institutional investors own 62.25% of the company.

Shares of Ladder Capital Corp (NYSE:LADR - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $9.30 and last traded at $9.2850, with a volume of 72292 shares changing hands. The stock had previously closed at $9.41.

Analyst Upgrades and Downgrades

LADR has been the topic of several recent research reports. Bank of America restated a "neutral" rating and set a $10.25 price target on shares of Ladder Capital in a research report on Wednesday, July 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Ladder Capital in a research note on Friday, August 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on Ladder Capital from $11.00 to $10.75 and set an "outperform" rating for the company in a research note on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ladder Capital currently has a consensus rating of "Hold" and an average price target of $12.36.

Ladder Capital Price Performance

The company has a current ratio of 44.15, a quick ratio of 44.15 and a debt-to-equity ratio of 2.81. The business's 50 day moving average price is $9.77 and its two-hundred day moving average price is $9.97. The stock has a market cap of $1.17 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96.

Ladder Capital (NYSE:LADR - Get Free Report) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share for the quarter, hitting analysts' consensus estimates of $0.24. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. The firm had revenue of $57.76 million for the quarter, compared to the consensus estimate of $56.50 million. During the same period in the prior year, the firm earned $0.23 EPS. As a group, sell-side analysts expect that Ladder Capital Corp will post 0.72 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Wednesday, September 30th. Ladder Capital's dividend payout ratio (DPR) is presently 219.05%.

Institutional Trading of Ladder Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Seven Mile Advisory increased its holdings in Ladder Capital by 4.0% during the 4th quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust's stock worth $283,000 after purchasing an additional 992 shares during the period. Royal Bank of Canada grew its position in shares of Ladder Capital by 2.6% during the first quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust's stock worth $399,000 after buying an additional 1,026 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Ladder Capital by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 20,883 shares of the real estate investment trust's stock worth $230,000 after buying an additional 1,343 shares in the last quarter. Ruggaard & Associates LLC increased its stake in shares of Ladder Capital by 3.6% during the fourth quarter. Ruggaard & Associates LLC now owns 45,738 shares of the real estate investment trust's stock worth $503,000 after buying an additional 1,600 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in Ladder Capital by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 67,881 shares of the real estate investment trust's stock valued at $746,000 after acquiring an additional 1,851 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company's stock.

Ladder Capital Company Profile

Ladder Capital Corp. NYSE: LADR is a commercial real estate finance company organized as a real estate investment trust (REIT). The company provides financing to commercial property owners and invests in a portfolio of commercial real estate-related assets, with a focus on generating income from real estate debt and investments.

Its business activities include originating and acquiring first mortgage loans, subordinate or mezzanine loans, commercial mortgage-backed securities and other real estate-related debt investments.

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