Ladder Capital (LADR) Stock Price Up 0.5%
Ladder Capital Corp (NYSE:LADR)’s share price rose 0.5% during mid-day trading on Wednesday . The company traded as high as $14.75 and last traded at $14.70. Approximately 1,303,053 shares changed hands during trading, an increase of 4% from the average daily volume of 1,250,360 shares. The stock had previously closed at $14.62.
LADR has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Keefe, Bruyette & Woods restated a “buy” rating and set a $16.00 target price on shares of Ladder Capital in a research report on Friday, September 22nd. BidaskClub cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. B. Riley reissued a “buy” rating on shares of Ladder Capital in a research report on Friday, November 3rd. Finally, ValuEngine raised shares of Ladder Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.83.
The company has a debt-to-equity ratio of 2.86, a quick ratio of 77.86 and a current ratio of 77.86. The firm has a market capitalization of $1,630.00, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03.
Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $69.30 million during the quarter, compared to analyst estimates of $59.05 million. Ladder Capital had a net margin of 27.38% and a return on equity of 9.78%. During the same quarter in the previous year, the business posted $0.40 earnings per share. equities research analysts predict that Ladder Capital Corp will post 1.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Monday, December 11th were given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date of this dividend was Friday, December 8th. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.30. Ladder Capital’s payout ratio is currently 144.83%.
A number of institutional investors have recently added to or reduced their stakes in LADR. Schwab Charles Investment Management Inc. grew its holdings in Ladder Capital by 50.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 329,902 shares of the real estate investment trust’s stock valued at $4,424,000 after purchasing an additional 111,040 shares during the period. Rhumbline Advisers grew its holdings in Ladder Capital by 58.3% in the second quarter. Rhumbline Advisers now owns 81,908 shares of the real estate investment trust’s stock valued at $1,098,000 after purchasing an additional 30,161 shares during the period. Bank of New York Mellon Corp grew its holdings in Ladder Capital by 39.0% in the second quarter. Bank of New York Mellon Corp now owns 322,253 shares of the real estate investment trust’s stock valued at $4,322,000 after purchasing an additional 90,430 shares during the period. Legal & General Group Plc grew its holdings in Ladder Capital by 69.9% in the second quarter. Legal & General Group Plc now owns 17,465 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 7,187 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Ladder Capital by 833.1% in the second quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 9,106 shares during the period. Hedge funds and other institutional investors own 46.18% of the company’s stock.
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About Ladder Capital
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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