Ladder Capital Corp (NYSE:LADR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ladder Capital Corp (NYSE:LADR) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $13.33.

LADR has been the topic of several recent research reports. StockNews.com lowered shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. BTIG Research reiterated a “buy” rating and issued a $13.50 price objective on shares of Ladder Capital in a research note on Friday, July 19th. Wolfe Research started coverage on Ladder Capital in a research report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 target price for the company. Bank of America boosted their price target on Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, B. Riley increased their price objective on Ladder Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, July 29th.

Ladder Capital Price Performance

Shares of LADR stock opened at $11.16 on Thursday. Ladder Capital has a 12 month low of $9.08 and a 12 month high of $12.48. The company has a market capitalization of $1.41 billion, a P/E ratio of 14.68 and a beta of 1.94. The stock has a 50 day moving average of $11.85 and a two-hundred day moving average of $11.40. The company has a current ratio of 76.87, a quick ratio of 76.87 and a debt-to-equity ratio of 2.21.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $71.67 million during the quarter, compared to analysts’ expectations of $71.22 million. Ladder Capital had a return on equity of 9.17% and a net margin of 19.07%. Ladder Capital’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. As a group, equities analysts expect that Ladder Capital will post 1 EPS for the current year.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 8.24%. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

Insider Activity at Ladder Capital

In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $12.15, for a total value of $303,750.00. Following the transaction, the insider now owns 351,453 shares of the company’s stock, valued at approximately $4,270,153.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, President Pamela Mccormack sold 50,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $612,500.00. Following the sale, the president now directly owns 548,863 shares of the company’s stock, valued at $6,723,571.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Perelman sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.15, for a total transaction of $303,750.00. Following the completion of the transaction, the insider now owns 351,453 shares of the company’s stock, valued at $4,270,153.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,000 shares of company stock valued at $2,133,250 in the last three months. Corporate insiders own 12.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Ladder Capital during the 3rd quarter valued at about $295,000. Creative Planning boosted its stake in Ladder Capital by 34.2% in the second quarter. Creative Planning now owns 36,393 shares of the real estate investment trust’s stock valued at $411,000 after acquiring an additional 9,275 shares during the last quarter. Algert Global LLC acquired a new stake in Ladder Capital during the 2nd quarter worth $130,000. The Manufacturers Life Insurance Company raised its position in shares of Ladder Capital by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,772 shares of the real estate investment trust’s stock valued at $686,000 after acquiring an additional 2,573 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Ladder Capital by 92.0% in the 2nd quarter. Millennium Management LLC now owns 737,970 shares of the real estate investment trust’s stock valued at $8,332,000 after purchasing an additional 353,530 shares during the period. 62.25% of the stock is currently owned by institutional investors.

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.