Ladder Capital’s (LADR) Buy Rating Reiterated at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Ladder Capital (NYSE:LADR) in a report issued on Monday morning,Benzinga reports. They currently have a $13.50 price objective on the real estate investment trust’s stock.

Several other equities analysts have also recently issued reports on the company. Susquehanna set a $13.00 price objective on Ladder Capital in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ladder Capital in a report on Monday, December 29th. HSBC set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. Capital One Financial set a $13.00 price objective on shares of Ladder Capital in a research report on Wednesday, January 21st. Finally, B. Riley initiated coverage on shares of Ladder Capital in a report on Monday, January 5th. They issued a “buy” rating and a $13.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Ladder Capital presently has an average rating of “Moderate Buy” and a consensus price target of $12.92.

Ladder Capital Stock Up 1.5%

Ladder Capital stock opened at $11.04 on Monday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 17.52, a P/E/G ratio of 7.14 and a beta of 1.01. 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 has a twelve month low of $9.68 and a twelve month high of $11.92. The stock’s fifty day simple moving average is $11.11 and its 200-day simple moving average is $11.06.

Ladder Capital Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Access Investment Management LLC boosted its holdings in shares of Ladder Capital by 28.1% in the third quarter. Access Investment Management LLC now owns 440,384 shares of the real estate investment trust’s stock valued at $4,805,000 after acquiring an additional 96,630 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Ladder Capital by 13.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 438,549 shares of the real estate investment trust’s stock valued at $4,714,000 after acquiring an additional 52,010 shares during the period. Russell Investments Group Ltd. raised its holdings in Ladder Capital by 81,503.1% during the second quarter. Russell Investments Group Ltd. now owns 372,110 shares of the real estate investment trust’s stock worth $4,000,000 after purchasing an additional 371,654 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Ladder Capital during the 2nd quarter worth $108,000. Finally, Geode Capital Management LLC raised its position in Ladder Capital by 0.8% during the second quarter. Geode Capital Management LLC now owns 2,676,157 shares of the real estate investment trust’s stock worth $28,771,000 after acquiring an additional 20,022 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

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.