Ladder Capital (NYSE:LADR) Sets New 52-Week Low – Should You Sell?

Ladder Capital Corp (NYSE:LADR)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $9.41 and last traded at $9.43, with a volume of 148709 shares trading hands. The stock had previously closed at $9.64.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Bank of America reissued a “neutral” rating and set a $10.25 price target on shares of Ladder Capital in a report on Wednesday, July 29th. Weiss Ratings cut Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods dropped their target price on Ladder Capital from $11.00 to $10.75 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.36.

Ladder Capital Trading Down 1.9%

The firm has a market capitalization of $1.20 billion, a P/E ratio of 22.51, a PEG ratio of 1.03 and a beta of 0.95. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. The firm has a 50 day moving average of $10.00 and a 200-day moving average of $10.20.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $57.76 million for the quarter, compared to analyst estimates of $56.50 million. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.During the same quarter last year, the company earned $0.23 EPS. On average, equities research analysts predict that Ladder Capital Corp will post 0.72 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Ladder Capital’s dividend payout ratio is 219.05%.

Insider Transactions at Ladder Capital

In related news, insider Robert Perelman sold 17,505 shares of Ladder Capital stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total value of $179,426.25. Following the transaction, the insider directly owned 428,684 shares of the company’s stock, valued at $4,394,011. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 12.60% of the stock is owned by company insiders.

Institutional Trading of Ladder Capital

A number of hedge funds and other institutional investors have recently modified their holdings of LADR. Seven Mile Advisory increased its stake in shares of Ladder Capital by 4.0% in the fourth quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 992 shares during the period. Nebula Research & Development LLC increased its holdings in shares of Ladder Capital by 3.1% during the second quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 1,008 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Ladder Capital by 2.6% in the 1st quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock worth $399,000 after acquiring an additional 1,026 shares during the last quarter. ProShare Advisors LLC raised its position in Ladder Capital by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 20,883 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 1,343 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Ladder Capital by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,836 shares of the real estate investment trust’s stock worth $654,000 after buying an additional 1,416 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.

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.