Ladder Capital Corp (NYSE:LADR) Given Average Recommendation of “Buy” by Brokerages

Ladder Capital Corp (NYSE:LADR) has been assigned a consensus recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.17.

Several research firms have recently commented on LADR. Wall Street Zen downgraded Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods reduced their price target on Ladder Capital from $12.75 to $12.00 and set an “outperform” rating on the stock in a report on Monday, April 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Ladder Capital by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 11,367,771 shares of the real estate investment trust’s stock worth $129,706,000 after acquiring an additional 42,255 shares during the period. Jennison Associates LLC grew its holdings in shares of Ladder Capital by 2.8% during the 1st quarter. Jennison Associates LLC now owns 6,955,381 shares of the real estate investment trust’s stock worth $79,361,000 after acquiring an additional 190,867 shares during the period. Wellington Management Group LLP grew its holdings in shares of Ladder Capital by 77.6% during the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust’s stock worth $30,043,000 after acquiring an additional 1,172,961 shares during the period. Nuveen LLC purchased a new position in shares of Ladder Capital during the 1st quarter worth approximately $22,261,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Ladder Capital by 35.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust’s stock worth $19,896,000 after acquiring an additional 461,739 shares during the period. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Up 0.6%

LADR opened at $10.70 on Tuesday. The company has a market cap of $1.37 billion, a P/E ratio of 12.44 and a beta of 1.01. The business’s 50-day moving average price is $10.39 and its 200-day moving average price is $11.10. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. Ladder Capital has a 12 month low of $9.68 and a 12 month high of $12.48.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $51.20 million during the quarter, compared to analysts’ expectations of $65.15 million. Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. During the same quarter in the prior year, the firm posted $0.33 EPS. On average, equities analysts expect that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.23 per share. The ex-dividend date was Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.60%. Ladder Capital’s dividend payout ratio is presently 112.20%.

Ladder Capital Company Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.