Brokerages Set Ladder Capital Corp (NYSE:LADR) Target Price at $12.75

Shares of Ladder Capital Corp (NYSE:LADR) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.75.

Several research analysts have recently commented on LADR shares. Keefe, Bruyette & Woods reduced their target price on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings downgraded Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th.

Ladder Capital Stock Up 1.8%

LADR stock opened at $10.36 on Friday. The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79. The business has a 50 day moving average price of $10.19 and a two-hundred day moving average price of $10.46. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 0.94 and a beta of 0.95. Ladder Capital has a twelve month low of $9.61 and a twelve month high of $11.92.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.The company had revenue of $51.88 million during the quarter, compared to the consensus estimate of $57.03 million. During the same period in the previous year, the company posted $0.20 EPS. Analysts anticipate that Ladder Capital will post 0.75 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Tuesday, June 30th. Ladder Capital’s payout ratio is currently 209.09%.

Insider Activity at Ladder Capital

In other news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total transaction of $179,426.25. Following the completion of the transaction, the insider directly owned 428,684 shares in the company, valued at approximately $4,394,011. The trade was a 3.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in Ladder Capital by 63.8% during the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 931 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in Ladder Capital by 500.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 2,500 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in Ladder Capital during the 1st quarter worth approximately $33,000. Sunbelt Securities Inc. lifted its holdings in Ladder Capital by 48,988.9% during the 1st quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 4,409 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Ladder Capital by 531.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,822 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 3,217 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors.

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.