Analysts Set Ladder Capital Corp (NYSE:LADR) Target Price at $12.92

Ladder Capital Corp (NYSE:LADR) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.9167.

A number of research analysts have issued reports on LADR shares. Susquehanna set a $13.00 price objective on shares of Ladder Capital in a research report on Wednesday, January 21st. Citigroup reissued a “market outperform” rating on shares of Ladder Capital in a research note on Wednesday, January 21st. Capital One Financial set a $13.00 price objective on Ladder Capital in a research report on Wednesday, January 21st. Wall Street Zen lowered Ladder Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Finally, BTIG Research restated a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a research report on Monday, February 2nd.

Ladder Capital Trading Down 0.7%

NYSE LADR opened at $9.99 on Thursday. The stock has a market cap of $1.27 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 0.75 and a beta of 1.00. Ladder Capital has a fifty-two week low of $9.68 and a fifty-two week high of $11.92. The stock has a 50 day simple moving average of $10.61 and a two-hundred day simple moving average of $10.88. The company has a debt-to-equity ratio of 2.37, a quick ratio of 29.65 and a current ratio of 29.65.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.2%. Ladder Capital’s dividend payout ratio is currently 180.39%.

Institutional Investors Weigh In On Ladder Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of Ladder Capital by 111.7% during the first quarter. AQR Capital Management LLC now owns 22,189 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 11,709 shares during the last quarter. Caxton Associates LLP bought a new position in Ladder Capital during the 1st quarter valued at approximately $209,000. Jane Street Group LLC raised its stake in Ladder Capital by 997.0% during the first quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock valued at $2,056,000 after buying an additional 163,800 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Ladder Capital in the second quarter worth $133,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Ladder Capital by 11.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,771 shares of the real estate investment trust’s stock worth $739,000 after acquiring an additional 7,041 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

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.