Ladder Capital (NYSE:LADR) Price Target Lowered to $12.75 at Keefe, Bruyette & Woods

Ladder Capital (NYSE:LADR) had its target price cut by Keefe, Bruyette & Woods from $13.00 to $12.75 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Separately, B. Riley raised Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $13.29.

Ladder Capital Stock Up 1.7 %

LADR stock opened at $10.99 on Tuesday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 14.46 and a beta of 1.92. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. The stock has a fifty day moving average of $11.55 and a 200-day moving average of $11.63. Ladder Capital has a fifty-two week low of $10.10 and a fifty-two week high of $12.48.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. The business had revenue of $128.64 million for the quarter, compared to analysts’ expectations of $60.85 million. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, equities research analysts predict that Ladder Capital will post 1.06 earnings per share for the current year.

Ladder Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.37%. Ladder Capital’s dividend payout ratio is presently 121.05%.

Hedge Funds Weigh In On Ladder Capital

A number of hedge funds have recently bought and sold shares of LADR. Quest Partners LLC lifted its position in Ladder Capital by 13,513.5% during the third 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 during the period. Quarry LP boosted its stake in shares of Ladder Capital by 1,832.9% during the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 7,698 shares in the last quarter. MQS Management LLC bought a new position in shares of Ladder Capital in the 2nd quarter worth $128,000. Algert Global LLC purchased a new stake in Ladder Capital during the second quarter valued at approximately $130,000. Finally, Mount Yale Investment Advisors LLC boosted its position in shares of Ladder Capital by 24.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 3,360 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Company Profile

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.