Ladder Capital (LADR) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Ladder Capital (NYSE:LADR) from a hold rating to a buy rating in a research report released on Saturday. They currently have $17.00 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. “
Several other research analysts also recently weighed in on LADR. Keefe, Bruyette & Woods restated a buy rating and issued a $16.00 price target on shares of Ladder Capital in a research note on Friday, September 22nd. BidaskClub downgraded Ladder Capital from a hold rating to a sell rating in a research note on Saturday, October 21st. B. Riley restated a buy rating on shares of Ladder Capital in a research note on Friday, November 3rd. ValuEngine upgraded Ladder Capital from a buy rating to a strong-buy rating in a research note on Friday, December 1st. Finally, Bank of America upgraded Ladder Capital from a neutral rating to a buy rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company. Ladder Capital has a consensus rating of Buy and an average target price of $16.50.
Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 period in the previous year, the company posted $0.40 EPS. research analysts predict that Ladder Capital will post 1.36 earnings per share for the current year.
The firm also recently declared 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 annualized dividend and a yield of 8.44%. This is an increase from Ladder Capital’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, December 8th. Ladder Capital’s dividend payout ratio is presently 144.83%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Atlantic Trust Group LLC bought a new position in shares of Ladder Capital during the 3rd quarter valued at approximately $2,060,000. GSA Capital Partners LLP boosted its position in shares of Ladder Capital by 518.2% during the 3rd quarter. GSA Capital Partners LLP now owns 124,232 shares of the real estate investment trust’s stock valued at $1,712,000 after acquiring an additional 104,136 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Ladder Capital by 14.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock valued at $76,459,000 after acquiring an additional 712,583 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Ladder Capital by 61.9% during the 2nd quarter. Royal Bank of Canada now owns 57,973 shares of the real estate investment trust’s stock valued at $778,000 after acquiring an additional 22,162 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Ladder Capital by 45.8% during the 2nd quarter. California State Teachers Retirement System now owns 125,052 shares of the real estate investment trust’s stock valued at $1,677,000 after acquiring an additional 39,300 shares during the last quarter. Hedge funds and other institutional investors own 46.17% of the company’s stock.
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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