Analysts Set Ladder Capital Corp (NYSE:LADR) PT at $13.33

Shares of Ladder Capital Corp (NYSE:LADR) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $13.33.

Several analysts have weighed in on LADR shares. B. Riley lifted their price objective on Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Bank of America lifted their price objective on Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. JMP Securities reaffirmed a “market outperform” rating and set a $13.50 price objective on shares of Ladder Capital in a research report on Friday, August 30th. Finally, Keefe, Bruyette & Woods boosted their price target on Ladder Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th.

Ladder Capital Stock Down 0.4 %

LADR opened at $11.70 on Friday. The company has a market cap of $1.49 billion, a P/E ratio of 15.39 and a beta of 1.94. The business’s 50-day moving average price is $11.51 and its 200-day moving average price is $11.54. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34. Ladder Capital has a 12 month low of $10.10 and a 12 month high of $12.48.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The firm had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. During the same quarter in the previous year, the business earned $0.28 earnings per share. On average, equities analysts expect that Ladder Capital will post 1 EPS for the current year.

Ladder Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.23 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.86%. Ladder Capital’s payout ratio is currently 121.05%.

Insiders Place Their Bets

In related news, President Pamela Mccormack sold 50,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $12.25, for a total value of $612,500.00. Following the sale, the president now owns 548,863 shares in the company, valued at approximately $6,723,571.75. The trade was a 8.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Perelman sold 25,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.15, for a total transaction of $303,750.00. Following the transaction, the insider now owns 351,453 shares of the company’s stock, valued at $4,270,153.95. This trade represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Ladder Capital

Several institutional investors have recently bought and sold shares of the business. Quest Partners LLC raised its stake in shares of Ladder Capital by 13,513.5% in the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 7,027 shares during the period. Quarry LP raised its stake in shares of Ladder Capital by 1,832.9% in the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 7,698 shares during the period. MQS Management LLC purchased a new position in Ladder Capital in the 2nd quarter worth about $128,000. Algert Global LLC purchased a new position in Ladder Capital in the 2nd quarter worth about $130,000. Finally, SG Americas Securities LLC purchased a new position in Ladder Capital in the 1st quarter worth about $148,000. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Company Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.