Ladder Capital Corp (LADR) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Ladder Capital Corp (NASDAQ:LADR) have been assigned an average rating of “Buy” from the nine brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.67.
LADR has been the topic of a number of analyst reports. Zacks Investment Research raised Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.00 price target on shares of Ladder Capital Corp in a research report on Friday, August 18th. Finally, BidaskClub raised Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Friday.
In related news, CEO Brian Harris purchased 10,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average cost of $13.41 per share, with a total value of $134,100.00. Following the transaction, the chief executive officer now directly owns 544,558 shares in the company, valued at approximately $7,302,522.78. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Ladder Capital Corp in the 1st quarter worth approximately $110,000. Evercore Wealth Management LLC bought a new stake in shares of Ladder Capital Corp in the 2nd quarter worth approximately $134,000. BNP Paribas Arbitrage SA boosted its position in shares of Ladder Capital Corp by 833.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 9,106 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Ladder Capital Corp by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 75 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Ladder Capital Corp by 6.7% in the 1st quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 649 shares in the last quarter.
Shares of Ladder Capital Corp (NASDAQ LADR) opened at 13.56 on Friday. The stock has a 50 day moving average price of $13.49 and a 200-day moving average price of $13.98. Ladder Capital Corp has a 52 week low of $12.14 and a 52 week high of $15.53. The firm has a market capitalization of $1.17 billion and a price-to-earnings ratio of 11.85.
Ladder Capital Corp (NASDAQ:LADR) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.11. The business had revenue of $52.10 million for the quarter, compared to analysts’ expectations of $76.60 million. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The business’s revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. On average, equities research analysts forecast that Ladder Capital Corp will post $1.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be given a $0.30 dividend. The ex-dividend date is Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.85%.
About Ladder Capital Corp
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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