Ladder Capital Corp (NYSE:LADR) Receives $12.75 Average PT from Brokerages

Ladder Capital Corp (NYSE:LADR) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $12.75.

Several brokerages recently weighed in on LADR. Keefe, Bruyette & Woods reduced their price objective on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Weiss Ratings lowered Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen raised Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd.

Ladder Capital Stock Up 0.1%

Shares of NYSE LADR opened at $10.05 on Wednesday. The company has a 50 day simple moving average of $10.07 and a 200 day simple moving average of $10.31. The company has a debt-to-equity ratio of 2.79, a current ratio of 58.90 and a quick ratio of 58.90. Ladder Capital has a 1 year low of $9.61 and a 1 year high of $11.92. The firm has a market cap of $1.28 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. The firm had revenue of $51.88 million for the quarter, compared to analyst estimates of $57.03 million. During the same period in the previous year, the firm posted $0.20 EPS. On average, research analysts forecast that Ladder Capital will post 0.75 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date was Tuesday, June 30th. Ladder Capital’s dividend payout ratio (DPR) is 209.09%.

Insider Activity

In related news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total value of $179,426.25. Following the transaction, the insider directly owned 428,684 shares of the company’s stock, valued at $4,394,011. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.00% of the stock is owned by company insiders.

Institutional Trading of Ladder Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Ladder Capital by 63.8% in the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 931 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Ladder Capital by 500.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,500 shares during the period. CENTRAL TRUST Co bought a new position in Ladder Capital during the first quarter worth $33,000. Sunbelt Securities Inc. raised its stake in Ladder Capital by 48,988.9% during the first quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 4,409 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Ladder Capital by 128.6% in the third quarter. Allworth Financial LP now owns 5,179 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 2,913 shares during the period. Institutional investors and hedge funds own 62.25% of the company’s stock.

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.