Ladder Capital (NYSE:LADR) Coverage Initiated by Analysts at Wolfe Research

Wolfe Research started coverage on shares of Ladder Capital (NYSE:LADR) in a report released on Tuesday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $13.00 price target on the real estate investment trust’s stock.

Separately, Keefe, Bruyette & Woods cut their target price on Ladder Capital from $12.75 to $12.50 and set an outperform rating on the stock in a report on Wednesday, April 10th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ladder Capital has a consensus rating of Buy and a consensus price target of $12.70.

Ladder Capital Stock Up 0.2 %

LADR stock opened at $11.30 on Tuesday. The stock’s 50 day simple moving average is $11.01 and its 200 day simple moving average is $11.04. The company has a market cap of $1.43 billion, a P/E ratio of 14.86 and a beta of 1.92. The company has a debt-to-equity ratio of 2.41, a quick ratio of 88.41 and a current ratio of 88.40. Ladder Capital has a fifty-two week low of $9.08 and a fifty-two week high of $12.00.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 8.15%. Ladder Capital’s payout ratio is 121.05%.

Institutional Investors Weigh In On Ladder Capital

Several institutional investors have recently bought and sold shares of LADR. Deutsche Bank AG boosted its holdings in Ladder Capital by 5.1% during the 3rd quarter. Deutsche Bank AG now owns 134,432 shares of the real estate investment trust’s stock worth $1,379,000 after acquiring an additional 6,544 shares during the last quarter. Rhumbline Advisers grew its position in Ladder Capital by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 197,916 shares of the real estate investment trust’s stock worth $2,031,000 after purchasing an additional 1,518 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Ladder Capital in the 3rd quarter valued at about $329,000. Federated Hermes Inc. bought a new position in shares of Ladder Capital during the 3rd quarter worth approximately $1,361,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Ladder Capital by 160.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 234,345 shares of the real estate investment trust’s stock worth $2,404,000 after buying an additional 144,338 shares during the last quarter. 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.