Ladder Capital (NYSE:LADR) Hits New 12-Month Low – Should You Sell?

Ladder Capital Corp (NYSE:LADR)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $9.68 and last traded at $9.6850, with a volume of 703413 shares changing hands. The stock had previously closed at $9.92.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LADR. BTIG Research restated a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a research report on Monday, February 2nd. Zacks Research downgraded Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Citigroup reissued a “market outperform” rating on shares of Ladder Capital in a report on Wednesday, January 21st. HSBC set a $13.00 target price on shares of Ladder Capital in a research note on Wednesday, January 21st. Finally, Capital One Financial set a $13.00 price target on shares of Ladder Capital in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.92.

Ladder Capital Stock Down 2.3%

The company has a 50-day moving average price of $10.46 and a 200 day moving average price of $10.79. The firm has a market capitalization of $1.23 billion, a PE ratio of 19.01, a P/E/G ratio of 0.72 and a beta of 1.00. The company has a debt-to-equity ratio of 2.37, a current ratio of 29.65 and a quick ratio of 29.65.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 9.5%. The ex-dividend date is Tuesday, March 31st. Ladder Capital’s dividend payout ratio is presently 180.39%.

Institutional Investors Weigh In On Ladder Capital

Institutional investors have recently added to or reduced their stakes in the stock. Access Investment Management LLC boosted its position in shares of Ladder Capital by 28.1% during the third quarter. Access Investment Management LLC now owns 440,384 shares of the real estate investment trust’s stock worth $4,805,000 after acquiring an additional 96,630 shares during the last quarter. Allianz Asset Management GmbH grew its stake in Ladder Capital by 49.8% during the third quarter. Allianz Asset Management GmbH now owns 623,013 shares of the real estate investment trust’s stock valued at $6,797,000 after acquiring an additional 207,167 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Ladder Capital by 81,503.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 372,110 shares of the real estate investment trust’s stock valued at $4,000,000 after acquiring an additional 371,654 shares during the last quarter. Geode Capital Management LLC lifted its stake in Ladder Capital by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust’s stock worth $28,771,000 after purchasing an additional 20,022 shares in the last quarter. Finally, Denali Advisors LLC boosted its holdings in shares of Ladder Capital by 99.6% during the 3rd quarter. Denali Advisors LLC now owns 490,600 shares of the real estate investment trust’s stock valued at $5,352,000 after purchasing an additional 244,776 shares during the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

About Ladder Capital

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.