Ladder Capital Corp (NYSE:LADR) Receives $12.50 Consensus Target Price from Analysts

Ladder Capital Corp (NYSE:LADR) has received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.80.

Several research analysts recently issued reports on the stock. Susquehanna set a $13.00 target price on shares of Ladder Capital in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Ladder Capital in a report on Monday, December 29th. Zacks Research cut Ladder Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Capital One Financial set a $13.00 target price on Ladder Capital in a research report on Wednesday. Finally, HSBC set a $13.00 price target on shares of Ladder Capital in a research report on Wednesday.

Ladder Capital Stock Down 1.5%

LADR stock opened at $11.07 on Wednesday. The company’s 50 day moving average is $11.05 and its 200 day moving average is $11.06. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 7.07 and a beta of 1.01. The company has a current ratio of 35.60, a quick ratio of 35.60 and a debt-to-equity ratio of 2.01. Ladder Capital has a 1-year low of $9.68 and a 1-year high of $11.92.

Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $57.44 million during the quarter, compared to analysts’ expectations of $62.90 million. Ladder Capital had a net margin of 19.26% and a return on equity of 6.70%. During the same quarter in the previous year, the company earned $0.30 EPS. Sell-side analysts predict that Ladder Capital will post 1.03 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 146.03%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Jennison Associates LLC grew its position in Ladder Capital by 7.7% during the 2nd quarter. Jennison Associates LLC now owns 7,493,528 shares of the real estate investment trust’s stock worth $80,555,000 after acquiring an additional 538,147 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Ladder Capital by 3.6% in the third quarter. Victory Capital Management Inc. now owns 2,800,065 shares of the real estate investment trust’s stock worth $30,549,000 after purchasing an additional 96,813 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Ladder Capital by 0.8% in the second quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust’s stock worth $28,771,000 after buying an additional 20,022 shares during the period. Wellington Management Group LLP raised its holdings in Ladder Capital by 2.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,666,340 shares of the real estate investment trust’s stock valued at $29,090,000 after buying an additional 61,292 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in Ladder Capital by 11.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,297,609 shares of the real estate investment trust’s stock valued at $14,157,000 after buying an additional 132,679 shares during the last quarter. 62.25% of the stock is owned by institutional investors.

Ladder Capital Company Profile

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.