Zacks Investment Research lowered shares of Ladder Capital (NYSE:LADR) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Ladder Capital Corp is a commercial real estate finance company. The Company operates in three segments: Loans, Securities and Real Estate. It focused on midmarket senior secured commercial real estate first mortgage loans, investment grade-rated securities secured by first mortgage loans on commercial real estate and investing in net leased and other commercial real estate. The company also provides services of the commercial real estate industry which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York City. “

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods restated a buy rating and issued a $16.00 target price on shares of Ladder Capital in a research note on Friday, September 22nd. Bank of America upgraded shares of Ladder Capital from a neutral rating to a buy rating in a research note on Tuesday. B. Riley restated a buy rating on shares of Ladder Capital in a research note on Friday, November 3rd. BidaskClub lowered shares of Ladder Capital from a hold rating to a sell rating in a research note on Saturday, October 21st. Finally, ValuEngine upgraded shares of Ladder Capital from a buy rating to a strong-buy rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $16.50.

Shares of Ladder Capital (LADR) traded down $0.03 during trading on Wednesday, hitting $14.99. 1,707,902 shares of the stock were exchanged, compared to its average volume of 1,200,000. The firm has a market cap of $1,660.00, a price-to-earnings ratio of 17.23, a PEG ratio of 2.13 and a beta of 1.03. The company has a current ratio of 77.86, a quick ratio of 77.86 and a debt-to-equity ratio of 2.86. Ladder Capital has a 1-year low of $12.82 and a 1-year high of $15.23.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $69.30 million for 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 prior year, the business posted $0.40 EPS. equities analysts expect that Ladder Capital will post 1.36 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Monday, December 11th were paid a dividend of $0.315 per share. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, December 8th. This represents a $1.26 annualized dividend and a yield of 8.41%. Ladder Capital’s dividend payout ratio is 144.83%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Evercore Wealth Management LLC acquired a new stake in Ladder Capital during the second quarter worth about $134,000. BNP Paribas Arbitrage SA raised its stake in Ladder Capital by 833.1% during the second quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 9,106 shares during the period. Commonwealth Equity Services Inc acquired a new stake in Ladder Capital during the third quarter worth about $153,000. Principal Financial Group Inc. acquired a new stake in Ladder Capital during the second quarter worth about $156,000. Finally, SG Americas Securities LLC raised its stake in Ladder Capital by 61.4% during the third quarter. SG Americas Securities LLC now owns 12,077 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 4,593 shares during the period. Hedge funds and other institutional investors own 46.18% of the company’s stock.

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Ladder Capital Company Profile

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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Analyst Recommendations for Ladder Capital (NYSE:LADR)

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