Ladder Capital (NYSE:LADR) Stock Price Up 3.7%

Ladder Capital Corp (NYSE:LADR)’s share price shot up 3.7% during mid-day trading on Thursday . The company traded as high as $10.97 and last traded at $10.89. 471,338 shares changed hands during trading, a decline of 25% from the average session volume of 630,347 shares. The stock had previously closed at $10.50.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LADR. TheStreet cut Ladder Capital from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods decreased 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 investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $12.63.

Ladder Capital Trading Up 1.9 %

The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 14.49 and a beta of 1.92. The company has a debt-to-equity ratio of 2.47, a quick ratio of 64.38 and a current ratio of 64.38. The firm has a fifty day moving average price of $10.77 and a 200-day moving average price of $10.86.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Ladder Capital had a return on equity of 9.26% and a net margin of 18.10%. The business had revenue of $121.27 million during the quarter, compared to the consensus estimate of $63.22 million. During the same period in the prior year, the company earned $0.28 EPS. As a group, equities analysts anticipate that Ladder Capital Corp will post 1.13 EPS for the current year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.92 annualized dividend and a yield of 8.36%. Ladder Capital’s dividend payout ratio is presently 121.05%.

Hedge Funds Weigh In On Ladder Capital

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Ladder Capital by 0.5% in the third quarter. Vanguard Group Inc. now owns 11,124,634 shares of the real estate investment trust’s stock valued at $114,139,000 after purchasing an additional 49,885 shares during the last quarter. Raymond James & Associates raised its position in shares of Ladder Capital by 8.3% during the fourth quarter. Raymond James & Associates now owns 824,084 shares of the real estate investment trust’s stock worth $9,485,000 after acquiring an additional 63,299 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Ladder Capital by 16.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 93,022 shares of the real estate investment trust’s stock worth $1,071,000 after acquiring an additional 13,152 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Ladder Capital by 7.2% during the fourth quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 935 shares during the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of Ladder Capital during the third quarter worth about $1,361,000. 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.