Ladder Capital Corp (NYSE:LADR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Ladder Capital Corp (NYSE:LADR) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $12.75.

Several analysts recently issued reports on LADR shares. Keefe, Bruyette & Woods decreased their target price on 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 downgraded Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd.

Ladder Capital Price Performance

NYSE LADR opened at $10.25 on Friday. Ladder Capital has a 12 month low of $9.61 and a 12 month high of $11.92. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 0.95 and a beta of 0.95. The company’s 50 day moving average is $10.19 and its two-hundred day moving average is $10.46. The company has a current ratio of 58.90, a quick ratio of 58.90 and a debt-to-equity ratio of 2.79.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS 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 company had revenue of $51.88 million for the quarter, compared to analysts’ expectations of $57.03 million. During the same quarter last year, the business earned $0.20 EPS. As a group, research analysts anticipate that Ladder Capital will post 0.75 earnings per share for the current year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Ladder Capital’s dividend payout ratio (DPR) is 209.09%.

Insider Transactions at Ladder Capital

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 transaction of $179,426.25. Following the sale, the insider owned 428,684 shares of the company’s stock, valued at approximately $4,394,011. This trade represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.00% of the company’s stock.

Institutional Investors Weigh In On Ladder Capital

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Ladder Capital by 63.8% in the fourth quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 931 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Ladder Capital by 500.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 2,500 shares in the last quarter. CENTRAL TRUST Co purchased a new stake in shares of Ladder Capital during the 1st quarter worth approximately $33,000. Sunbelt Securities Inc. raised its holdings in shares of Ladder Capital by 48,988.9% during the 1st quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 4,409 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Ladder Capital by 531.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,822 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 3,217 shares in 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.