Ladder Capital Corp (LADR) Receives Consensus Rating of “Buy” from Brokerages
Ladder Capital Corp (NASDAQ:LADR) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.75.
A number of analysts recently issued reports on LADR shares. Zacks Investment Research lowered Ladder Capital Corp from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 price objective on shares of Ladder Capital Corp in a research note on Friday, August 18th. Finally, BidaskClub upgraded Ladder Capital Corp from a “sell” rating to a “hold” rating in a research note on Friday, September 15th.
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In other Ladder Capital Corp news, CEO Brian Harris bought 10,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $13.41 per share, for a total transaction of $134,100.00. Following the purchase, the chief executive officer now directly owns 544,558 shares of the company’s stock, valued at $7,302,522.78. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.
Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Ladder Capital Corp in the 1st quarter worth about $110,000. Evercore Wealth Management LLC bought a new position in Ladder Capital Corp in the 2nd quarter worth about $134,000. BNP Paribas Arbitrage SA increased its stake in 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 acquiring an additional 9,106 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in 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 acquiring an additional 75 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in 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 acquiring an additional 649 shares during the last quarter.
Shares of Ladder Capital Corp (NASDAQ:LADR) opened at 13.84 on Wednesday. The firm has a market capitalization of $1.19 billion and a price-to-earnings ratio of 12.10. Ladder Capital Corp has a 12-month low of $12.14 and a 12-month high of $15.53. The stock’s 50 day moving average price is $13.61 and its 200 day moving average price is $13.90.
Ladder Capital Corp (NASDAQ:LADR) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.11. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The company had revenue of $52.10 million for the quarter, compared to analyst estimates of $76.60 million. During the same period in the previous year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 32.9% compared to the same quarter last year. Equities research analysts expect that Ladder Capital Corp will post $1.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a yield of 8.67%.
Ladder Capital Corp Company Profile
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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