Ladder Capital Corp (NYSE:LADR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Ladder Capital Corp (NYSE:LADR) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.50.

LADR has been the topic of a number of analyst reports. Zacks Research lowered shares of Ladder Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Capital One Financial set a $13.00 price objective on Ladder Capital in a research note on Wednesday. Susquehanna set a $13.00 price objective on Ladder Capital in a report on Wednesday. Finally, B. Riley began coverage on Ladder Capital in a research report on Monday, January 5th. They set a “buy” rating and a $13.00 target price for the company.

Insider Buying and Selling

In other news, Director Jeffrey B. Steiner sold 19,481 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $10.89, for a total transaction of $212,148.09. Following the completion of the transaction, the director owned 27,311 shares of the company’s stock, valued at approximately $297,416.79. The trade was a 41.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LADR. Allspring Global Investments Holdings LLC raised its position in shares of Ladder Capital by 13.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 438,549 shares of the real estate investment trust’s stock worth $4,714,000 after acquiring an additional 52,010 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Ladder Capital by 81,503.1% in the second 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. Envestnet Portfolio Solutions Inc. bought a new stake in Ladder Capital in the second quarter valued at approximately $108,000. Geode Capital Management LLC increased its position in Ladder Capital by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust’s stock valued at $28,771,000 after purchasing an additional 20,022 shares during the period. Finally, Denali Advisors LLC raised its holdings in Ladder Capital by 48.0% during the 2nd quarter. Denali Advisors LLC now owns 245,824 shares of the real estate investment trust’s stock worth $2,643,000 after purchasing an additional 79,743 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Stock Performance

NYSE:LADR opened at $11.08 on Wednesday. The stock has a 50 day simple moving average of $11.02 and a 200 day simple moving average of $11.06. The stock has a market cap of $1.41 billion, a P/E ratio of 17.58, a PEG ratio of 7.15 and a beta of 1.01. Ladder Capital has a 1-year low of $9.68 and a 1-year high of $11.92. The company has a current ratio of 35.60, a quick ratio of 35.60 and a debt-to-equity ratio of 2.01.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $57.44 million during the quarter, compared to the consensus estimate of $62.90 million. Ladder Capital had a return on equity of 6.70% and a net margin of 19.26%.During the same quarter last year, the firm earned $0.30 earnings per share. Research analysts anticipate that Ladder Capital will post 1.03 earnings per share for the current year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date was Wednesday, December 31st. Ladder Capital’s dividend payout ratio is presently 146.03%.

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.