Ladder Capital Corp (NYSE:LADR) Stock Has Average Target Price of $12.36

Shares of Ladder Capital Corp (NYSE:LADR) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.36.

Several research firms have recently weighed in on LADR. Keefe, Bruyette & Woods reduced their price objective on Ladder Capital from $11.00 to $10.75 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Bank of America reaffirmed a “neutral” rating and set a $10.25 target price on shares of Ladder Capital in a research report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ladder Capital in a research note on Friday, August 7th.

Ladder Capital Trading Down 3.3%

Shares of NYSE:LADR opened at $8.73 on Monday. Ladder Capital has a 52-week low of $8.71 and a 52-week high of $11.48. The company has a debt-to-equity ratio of 2.81, a quick ratio of 44.15 and a current ratio of 44.15. The company has a market cap of $1.11 billion, a P/E ratio of 20.80, a P/E/G ratio of 0.96 and a beta of 0.96. The stock’s 50-day moving average is $9.66 and its 200-day moving average is $9.92.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $57.76 million for the quarter, compared to analyst estimates of $56.50 million. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.During the same quarter last year, the firm posted $0.23 EPS. Equities research analysts predict that Ladder Capital will post 0.72 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 10.5%. Ladder Capital’s payout ratio is presently 219.05%.

Institutional Investors Weigh In On Ladder Capital

Several hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. grew its position in Ladder Capital by 22.3% during the second quarter. QRG Capital Management Inc. now owns 171,225 shares of the real estate investment trust’s stock worth $1,704,000 after buying an additional 31,237 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Ladder Capital by 15.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,855 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 2,328 shares in the last quarter. State Street Corp lifted its position in shares of Ladder Capital by 4.5% in the 2nd quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock worth $30,331,000 after acquiring an additional 129,665 shares during the period. Palogic Value Management L.P. lifted its position in shares of Ladder Capital by 1.8% in the 2nd quarter. Palogic Value Management L.P. now owns 146,100 shares of the real estate investment trust’s stock worth $1,454,000 after acquiring an additional 2,565 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Ladder Capital during the 2nd quarter worth approximately $131,000. Institutional investors own 62.25% of the company’s stock.

About Ladder Capital

Ladder Capital Corp. (NYSE:LADR) is a commercial real estate finance company organized as a real estate investment trust (REIT). The company provides financing to commercial property owners and invests in a portfolio of commercial real estate-related assets, with a focus on generating income from real estate debt and investments.

Its business activities include originating and acquiring first mortgage loans, subordinate or mezzanine loans, commercial mortgage-backed securities and other real estate-related debt investments.