Ladder Capital Corp (NYSE:LADR) Receives $13.29 Average Price Target from Analysts

Shares of Ladder Capital Corp (NYSE:LADR) have received a consensus rating of “Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.29.

Several equities analysts have recently issued reports on LADR shares. StockNews.com lowered Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Ladder Capital in the fourth quarter valued at approximately $1,643,000. Mackenzie Financial Corp acquired a new stake in Ladder Capital during the 4th quarter worth $216,000. PharVision Advisers LLC purchased a new stake in Ladder Capital during the 4th quarter valued at about $407,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ladder Capital by 11.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 294,417 shares of the real estate investment trust’s stock valued at $3,295,000 after acquiring an additional 29,762 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Ladder Capital by 145.7% during the 4th quarter. Squarepoint Ops LLC now owns 63,528 shares of the real estate investment trust’s stock worth $711,000 after purchasing an additional 37,675 shares during the period. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Price Performance

Shares of LADR opened at $11.72 on Friday. Ladder Capital has a fifty-two week low of $10.21 and a fifty-two week high of $12.48. The firm’s 50-day simple moving average is $11.35 and its two-hundred day simple moving average is $11.56. The stock has a market cap of $1.49 billion, a PE ratio of 13.62 and a beta of 1.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. Analysts anticipate that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date was Tuesday, December 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 106.98%.

About Ladder Capital

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.