Ladder Capital (NYSE:LADR) Upgraded at Zacks Research

Zacks Research upgraded shares of Ladder Capital (NYSE:LADR) from a strong sell rating to a hold rating in a research note published on Monday,Zacks reports.

Several other analysts have also commented on the company. Bank of America reissued a “neutral” rating and issued a $10.25 price objective on shares of Ladder Capital in a report on Wednesday, July 29th. Keefe, Bruyette & Woods cut 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. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ladder Capital in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.36.

Ladder Capital Trading Down 0.1%

LADR stock opened at $8.68 on Monday. The company’s 50-day simple moving average is $9.55 and its 200-day simple moving average is $9.87. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. Ladder Capital has a 52-week low of $8.48 and a 52-week high of $11.48. The firm has a market cap of $1.10 billion, a P/E ratio of 20.66, a PEG ratio of 0.93 and a beta of 0.98.

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

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Wednesday, September 30th. Ladder Capital’s dividend payout ratio is 219.05%.

Institutional Investors Weigh In On Ladder Capital

Several institutional investors have recently bought and sold shares of LADR. Public Employees Retirement System of Ohio purchased a new stake in Ladder Capital during the 2nd quarter worth approximately $27,000. CENTRAL TRUST Co purchased a new position in shares of Ladder Capital in the first quarter valued at approximately $33,000. Versant Capital Management Inc lifted its position in shares of Ladder Capital by 161.7% in the third quarter. Versant Capital Management Inc now owns 3,599 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 2,224 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Ladder Capital by 48,988.9% in the first quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 4,409 shares during the last quarter. Finally, KBC Group NV acquired a new stake in shares of Ladder Capital in the first quarter worth approximately $51,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Company Profile

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital’s platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.