Ladder Capital Corp (NYSE:LADR) has earned an average rating of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.25.
Several research firms have weighed in on LADR. B. Riley reiterated a “buy” rating on shares of Ladder Capital in a research report on Friday, November 3rd. Zacks Investment Research upgraded Ladder Capital from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Thursday, September 28th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $16.00 price target on shares of Ladder Capital in a research report on Friday, September 22nd. Bank of America upgraded Ladder Capital from a “neutral” rating to a “buy” rating in a research report on Tuesday. Finally, ValuEngine upgraded Ladder Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Evercore Wealth Management LLC bought a new position in Ladder Capital in the second quarter valued at about $134,000. BNP Paribas Arbitrage SA grew its position in Ladder Capital by 833.1% in the second quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 9,106 shares during the last quarter. Commonwealth Equity Services Inc bought a new position in Ladder Capital in the third quarter valued at about $153,000. Principal Financial Group Inc. bought a new position in Ladder Capital in the second quarter valued at about $156,000. Finally, SG Americas Securities LLC grew its position in Ladder Capital by 61.4% in the third quarter. SG Americas Securities LLC now owns 12,077 shares of the real estate investment trust’s stock valued at $166,000 after acquiring an additional 4,593 shares during the last quarter. Institutional investors own 46.18% of the company’s stock.
Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $69.30 million for the quarter, compared to analysts’ expectations of $59.05 million. Ladder Capital had a return on equity of 9.78% and a net margin of 27.38%. During the same quarter last year, the business earned $0.40 EPS. sell-side analysts forecast that Ladder Capital will post 1.36 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Monday, December 11th were given a $0.315 dividend. The ex-dividend date was Friday, December 8th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.39%. This is a boost from Ladder Capital’s previous quarterly dividend of $0.30. Ladder Capital’s dividend payout ratio (DPR) is presently 103.28%.
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About Ladder Capital
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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