Ladder Capital Corp (LADR) Trading Up 3.7%
Shares of Ladder Capital Corp (NASDAQ:LADR) were up 3.7% during trading on Monday . The company traded as high as $13.75 and last traded at $13.74, with a volume of 588,300 shares changing hands. The stock had previously closed at $13.25.
A number of analysts have recently commented on LADR shares. Zacks Investment Research cut Ladder Capital Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 21st. JMP Securities reiterated a “buy” rating on shares of Ladder Capital Corp in a research report on Thursday, July 14th. Finally, Citigroup Inc. boosted their price target on Ladder Capital Corp from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th.
The company has a 50 day moving average of $13.10 and a 200 day moving average of $12.19. The stock’s market capitalization is $876.47 million.
Ladder Capital Corp (NASDAQ:LADR) last announced its earnings results on Thursday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.03. During the same quarter in the previous year, the business earned $0.51 earnings per share. On average, equities analysts predict that Ladder Capital Corp will post $1.85 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 12th will be given a $0.275 dividend. The ex-dividend date is Thursday, September 8th.
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment comprises all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities.
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