Ladder Capital (LADR) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Ladder Capital (NYSE:LADR) from a hold rating to a buy rating in a research report sent to investors on Saturday. They currently have $15.00 price target on the real estate investment trust’s stock.
According to Zacks, “Ladder Capital Corp is a commercial real estate finance company. The Company operates in three segments: Loans, Securities and Real Estate. It focused on midmarket senior secured commercial real estate first mortgage loans, investment grade-rated securities secured by first mortgage loans on commercial real estate and investing in net leased and other commercial real estate. The company also provides services of the commercial real estate industry which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York City. “
A number of other equities research analysts also recently commented on LADR. B. Riley reiterated a buy rating on shares of Ladder Capital in a report on Friday, November 3rd. Keefe, Bruyette & Woods reiterated a buy rating and issued a $16.00 price objective on shares of Ladder Capital in a report on Friday, September 22nd. BidaskClub upgraded Ladder Capital from a sell rating to a hold rating in a report on Friday, September 15th. Finally, ValuEngine upgraded Ladder Capital from a buy rating to a strong-buy rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ladder Capital presently has a consensus rating of Buy and an average price target of $15.83.
Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $69.30 million during the quarter, compared to the consensus estimate of $59.05 million. Ladder Capital had a return on equity of 9.78% and a net margin of 27.38%. During the same quarter in the previous year, the company posted $0.40 earnings per share. research analysts forecast that Ladder Capital will post 1.36 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Monday, December 11th were paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 9.27%. This is a boost from Ladder Capital’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, December 8th. Ladder Capital’s payout ratio is presently 103.28%.
A number of large investors have recently bought and sold shares of LADR. Evercore Wealth Management LLC acquired a new position in shares of Ladder Capital during the second quarter worth about $134,000. BNP Paribas Arbitrage SA boosted its position in shares of Ladder Capital by 833.1% during the second quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 9,106 shares during the period. Commonwealth Equity Services Inc acquired a new position in shares of Ladder Capital during the third quarter worth about $153,000. Principal Financial Group Inc. acquired a new position in shares of Ladder Capital during the second quarter worth about $156,000. Finally, SG Americas Securities LLC boosted its position in shares of Ladder Capital by 61.4% during the third quarter. SG Americas Securities LLC now owns 12,077 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 4,593 shares during the period. 46.18% of the stock is owned by hedge funds and other institutional investors.
Ladder Capital Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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