Ladder Capital Corp (NYSE:LADR) Receives Average Rating of “Moderate Buy” from Analysts

Ladder Capital Corp (NYSE:LADR) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.75.

Several research firms have issued reports on LADR. Weiss Ratings upgraded shares of Ladder Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Susquehanna set a $13.00 price target on shares of Ladder Capital in a research report on Wednesday, January 21st. Capital One Financial set a $13.00 price target on shares of Ladder Capital in a research report on Wednesday, January 21st. BTIG Research restated a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a research report on Monday, February 2nd. Finally, Citigroup restated a “market outperform” rating on shares of Ladder Capital in a research report on Wednesday, January 21st.

Hedge Funds Weigh In On Ladder Capital

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in shares of Ladder Capital by 63.8% in the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 931 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of Ladder Capital by 500.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 2,500 shares in the last quarter. CENTRAL TRUST Co acquired a new position in shares of Ladder Capital in the 1st quarter valued at $33,000. Atlantic Union Bankshares Corp acquired a new position in shares of Ladder Capital in the 3rd quarter valued at $34,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Ladder Capital in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Stock Performance

Shares of LADR opened at $10.25 on Friday. The company has a market capitalization of $1.30 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 0.94 and a beta of 0.98. Ladder Capital has a one year low of $9.61 and a one year high of $11.92. The company’s fifty day moving average price is $10.13 and its 200 day moving average price is $10.62. The company has a debt-to-equity ratio of 2.79, a current ratio of 58.90 and a quick ratio of 58.90.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $51.88 million during the quarter, compared to analysts’ expectations of $57.03 million. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. During the same period in the prior year, the company earned $0.20 EPS. As a group, analysts expect that Ladder Capital will post 0.78 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 9.0%. The ex-dividend date was Tuesday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is currently 209.09%.

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.