Ladder Capital (NYSE:LADR) Sets New 12-Month Low – Time to Sell?

Ladder Capital Corp (NYSE:LADR)’s share price hit a new 52-week low on Wednesday. The stock traded as low as $8.84 and last traded at $8.8150, with a volume of 82581 shares. The stock had previously closed at $9.03.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LADR shares. Weiss Ratings restated a “hold (c-)” rating on shares of Ladder Capital in a research report on Friday, August 7th. Bank of America reiterated a “neutral” rating and set a $10.25 price objective on shares of Ladder Capital in a research report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods lowered their price objective on Ladder Capital from $11.00 to $10.75 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.36.

Ladder Capital Price Performance

The stock has a market cap of $1.12 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 0.96 and a beta of 0.96. The stock’s fifty day moving average is $9.68 and its 200-day moving average is $9.93. The company has a debt-to-equity ratio of 2.81, a current ratio of 44.15 and a quick ratio of 44.15.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $57.76 million for the quarter, compared to the consensus estimate of $56.50 million. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. During the same period in the previous year, the firm earned $0.23 earnings per share. As a group, equities analysts anticipate that Ladder Capital Corp will post 0.72 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.4%. Ladder Capital’s dividend payout ratio (DPR) is currently 219.05%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LADR. Public Employees Retirement System of Ohio purchased a new position in Ladder Capital in the second quarter worth approximately $27,000. CENTRAL TRUST Co purchased a new stake in Ladder Capital in the first quarter valued at $33,000. Sunbelt Securities Inc. raised its position in Ladder Capital by 48,988.9% in the first quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 4,409 shares during the period. KBC Group NV acquired a new position in shares of Ladder Capital in the 1st quarter valued at $51,000. Finally, BROOKFIELD Corp ON lifted its stake in shares of Ladder Capital by 52.7% in the 1st quarter. BROOKFIELD Corp ON now owns 5,414 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,868 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Ladder Capital Company Profile

Ladder Capital Corp. (NYSE:LADR) is a commercial real estate finance company organized as a real estate investment trust (REIT). The company provides financing to commercial property owners and invests in a portfolio of commercial real estate-related assets, with a focus on generating income from real estate debt and investments.

Its business activities include originating and acquiring first mortgage loans, subordinate or mezzanine loans, commercial mortgage-backed securities and other real estate-related debt investments.