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.
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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