Ladder Capital Corp (NYSE:LADR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ladder Capital Corp (NYSE:LADR) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $12.9167.

Several research analysts recently commented on LADR shares. HSBC set a $13.00 target price on shares of Ladder Capital in a report on Wednesday, January 21st. Capital One Financial set a $13.00 price objective on Ladder Capital in a research note on Wednesday, January 21st. Wall Street Zen downgraded Ladder Capital from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. B. Riley Financial started coverage on Ladder Capital in a report on Monday, January 5th. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Susquehanna set a $13.00 price target on Ladder Capital in a report on Wednesday, January 21st.

Institutional Investors Weigh In On Ladder Capital

Several hedge funds have recently made changes to their positions in LADR. AQR Capital Management LLC increased its stake in Ladder Capital by 111.7% during the first quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 11,709 shares during the period. Caxton Associates LLP acquired a new stake in shares of Ladder Capital during the 1st quarter worth approximately $209,000. Jane Street Group LLC increased its position in shares of Ladder Capital by 997.0% during the first quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock valued at $2,056,000 after purchasing an additional 163,800 shares during the period. CWM LLC raised its stake in shares of Ladder Capital by 192.4% in the second quarter. CWM LLC now owns 3,798 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,499 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Ladder Capital by 13.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 438,549 shares of the real estate investment trust’s stock worth $4,714,000 after purchasing an additional 52,010 shares during the period. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Trading Up 0.4%

Shares of LADR stock opened at $10.40 on Friday. Ladder Capital has a 12 month low of $9.68 and a 12 month high of $11.92. The company has a market cap of $1.32 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 4.27 and a beta of 1.01. The company has a quick ratio of 35.60, a current ratio of 29.65 and a debt-to-equity ratio of 2.37. The business’s 50 day moving average is $11.02 and its two-hundred day moving average is $11.02.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.9%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s dividend payout ratio (DPR) is currently 180.39%.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.