Ladder Capital Corp (NYSE:LADR) Given Consensus Recommendation of “Buy” by Analysts

Ladder Capital Corp (NYSE:LADR) has been given a consensus recommendation of “Buy” by the six analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $13.29.

Several equities analysts recently commented on the stock. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a report on Tuesday.

Ladder Capital Price Performance

Shares of NYSE:LADR opened at $11.18 on Friday. The company has a market cap of $1.43 billion, a P/E ratio of 14.71 and a beta of 1.92. The business has a fifty day simple moving average of $11.51 and a 200-day simple moving average of $11.63. Ladder Capital has a 52 week low of $10.10 and a 52 week high of $12.48. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $128.64 million during the quarter, compared to analysts’ expectations of $60.85 million. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. During the same quarter in the previous year, the business earned $0.28 EPS. Equities research analysts forecast that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.23%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital’s payout ratio is currently 121.05%.

Hedge Funds Weigh In On Ladder Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Partners LLC increased its holdings in Ladder Capital by 13,513.5% in the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 7,027 shares in the last quarter. Quarry LP boosted its position in shares of Ladder Capital by 1,832.9% in the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 7,698 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Ladder Capital in the fourth quarter valued at about $112,000. MQS Management LLC purchased a new stake in shares of Ladder Capital during the 2nd quarter valued at about $128,000. Finally, Algert Global LLC purchased a new position in Ladder Capital in the 2nd quarter worth approximately $130,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

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.