Ladder Capital (NYSE:LADR) Reaches New 52-Week Low – What’s Next?

Ladder Capital Corp (NYSE:LADR)’s share price hit a new 52-week low on Friday. The stock traded as low as $8.41 and last traded at $8.4060, with a volume of 213,293 shares changing hands. The stock had previously closed at $8.52.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Bank of America reiterated a “neutral” rating and issued a $10.25 price target on shares of Ladder Capital in a research note on Wednesday, July 29th. B. Riley Financial restated a “buy” rating on shares of Ladder Capital in a research note on Monday, October 19th. Weiss Ratings upgraded Ladder Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, October 27th. Zacks Research raised Ladder Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Keefe, Bruyette & Woods reduced their target price on Ladder Capital from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Friday, October 9th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.29.

Ladder Capital Price Performance

The company’s 50-day moving average price is $9.14 and its two-hundred day moving average price is $9.87. The company has a market cap of $1.07 billion, a P/E ratio of 10.58, a P/E/G ratio of 0.88 and a beta of 0.96. The company has a current ratio of 49.90, a quick ratio of 49.89 and a debt-to-equity ratio of 2.98.

Ladder Capital (NYSE:LADR) last issued its earnings results on Friday, October 16th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Ladder Capital had a net margin of 23.70% and a return on equity of 6.98%. The business had revenue of $118.90 million for the quarter, compared to analyst estimates of $79.67 million. During the same quarter in the prior year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, sell-side analysts expect that Ladder Capital Corp will post 0.82 earnings per share for the current year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Ladder Capital’s payout ratio is currently 115.00%.

Institutional Trading of Ladder Capital

Several institutional investors and hedge funds have recently bought and sold shares of LADR. Wellington Management Group LLP lifted its holdings in Ladder Capital by 80.5% during the 2nd quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock worth $35,623,000 after buying an additional 1,596,839 shares during the last quarter. State Street Corp grew its position in shares of Ladder Capital by 4.5% in the 2nd quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock worth $30,331,000 after acquiring an additional 129,665 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Ladder Capital by 10.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,027,255 shares of the real estate investment trust’s stock valued at $10,221,000 after acquiring an additional 97,147 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Ladder Capital by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 515,529 shares of the real estate investment trust’s stock valued at $5,037,000 after acquiring an additional 15,899 shares during the last quarter. Finally, Access Investment Management LLC increased its holdings in shares of Ladder Capital by 18.3% in the 3rd quarter. Access Investment Management LLC now owns 571,897 shares of the real estate investment trust’s stock valued at $4,993,000 after acquiring an additional 88,451 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Company Profile

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust. It originates and invests in loans and other assets tied to commercial properties, with a focus on first mortgage loans secured by real estate. The company also invests in commercial mortgage-backed securities and U.S. government securities, and owns commercial real estate. Its lending and investment activities span property types and markets across the United States. Founded in 2008, Ladder Capital is headquartered in New York.