Brokerages Set Ladder Capital Corp (LADR) Target Price at $15.00
Ladder Capital Corp (NASDAQ:LADR) has been given an average rating of “Buy” by the nine research firms that are covering the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $15.00.
Several equities research analysts recently commented on LADR shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $16.00 target price on shares of Ladder Capital Corp in a report on Wednesday, March 8th. TheStreet raised Ladder Capital Corp from a “d-” rating to a “c-” rating in a report on Monday, February 6th. Bank of America Corp cut Ladder Capital Corp from a “buy” rating to a “neutral” rating in a report on Wednesday, December 21st. FBR & Co reissued an “outperform” rating and set a $80.00 target price (up previously from $16.00) on shares of Ladder Capital Corp in a report on Tuesday, February 28th. Finally, Wells Fargo & Co raised Ladder Capital Corp from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 14th.
Ladder Capital Corp (NASDAQ:LADR) traded down 0.54% during mid-day trading on Monday, reaching $14.70. The company’s stock had a trading volume of 362,611 shares. The firm has a market capitalization of $1.06 billion and a PE ratio of 13.85. Ladder Capital Corp has a 12 month low of $11.29 and a 12 month high of $15.53. The stock’s 50-day moving average is $14.52 and its 200-day moving average is $13.88.
Ladder Capital Corp (NASDAQ:LADR) last announced its earnings results on Thursday, February 23rd. The real estate investment trust reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The company earned $117.73 million during the quarter, compared to analysts’ expectations of $82.59 million. During the same quarter last year, the firm posted $0.45 earnings per share. On average, equities analysts anticipate that Ladder Capital Corp will post $1.55 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Monday, March 13th were given a $0.30 dividend. This is a positive change from Ladder Capital Corp’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 9th. This represents a $1.20 annualized dividend and a yield of 8.16%.
In other Ladder Capital Corp news, Director Howard Park sold 1,113,057 shares of Ladder Capital Corp stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $14.05, for a total value of $15,638,450.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Investor Executi Towerbrook II sold 1,792,169 shares of Ladder Capital Corp stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $13.59, for a total transaction of $24,355,576.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,041,536 shares of company stock worth $83,128,486.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. purchased a new position in Ladder Capital Corp during the fourth quarter valued at $248,000. Cipher Capital LP purchased a new position in Ladder Capital Corp during the fourth quarter valued at $342,000. Martingale Asset Management L P purchased a new position in Ladder Capital Corp during the fourth quarter valued at $367,000. Fox Run Management L.L.C. purchased a new position in Ladder Capital Corp during the first quarter valued at $425,000. Finally, Edge Wealth Management LLC boosted its position in Ladder Capital Corp by 154.5% in the first quarter. Edge Wealth Management LLC now owns 33,645 shares of the real estate investment trust’s stock valued at $488,000 after buying an additional 20,426 shares during the last quarter.
About Ladder Capital Corp
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment comprises all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities.
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