Brokerages Set Ladder Capital Corp (NYSE:LADR) PT at $12.92

Shares of Ladder Capital Corp (NYSE:LADR) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $12.9167.

A number of brokerages have weighed in on LADR. Capital One Financial set a $13.00 price objective on Ladder Capital in a research note on Wednesday, January 21st. Citigroup reiterated a “market outperform” rating on shares of Ladder Capital in a research note on Wednesday, January 21st. Susquehanna set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. HSBC set a $13.00 price target on shares of Ladder Capital in a report on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Friday, January 23rd.

Institutional Investors Weigh In On Ladder Capital

A number of institutional investors have recently made changes to their positions in LADR. GAMMA Investing LLC lifted its stake in Ladder Capital by 63.8% during 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. increased its stake in Ladder Capital by 500.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 2,500 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Ladder Capital during the third quarter worth $34,000. Vision Financial Markets LLC bought a new position in shares of Ladder Capital in the 3rd quarter worth about $35,000. Finally, CWM LLC boosted its holdings in shares of Ladder Capital by 192.4% in the 2nd quarter. CWM LLC now owns 3,798 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,499 shares during the period. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Stock Performance

NYSE:LADR opened at $10.46 on Friday. The firm has a 50-day moving average of $11.00 and a two-hundred day moving average of $11.02. The company has a debt-to-equity ratio of 2.37, a current ratio of 29.65 and a quick ratio of 29.65. The stock has a market cap of $1.33 billion, a P/E ratio of 20.50, a PEG ratio of 4.27 and a beta of 1.01. Ladder Capital has a 1-year low of $9.68 and a 1-year high of $11.92.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Ladder Capital’s payout ratio is currently 180.39%.

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.