Ladder Capital Corp (NYSE:LADR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ladder Capital Corp (NYSE:LADR) has received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.50.

Several equities analysts have issued reports on the company. HSBC set a $13.00 price target on Ladder Capital in a research note on Wednesday. Susquehanna set a $13.00 target price on shares of Ladder Capital in a research report on Wednesday. Capital One Financial set a $13.00 target price on shares of Ladder Capital in a research note on Wednesday. Wall Street Zen upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ladder Capital in a research note on Monday, December 29th.

Insiders Place Their Bets

In other Ladder Capital news, Director Jeffrey B. Steiner sold 19,481 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $10.89, for a total value of $212,148.09. Following the transaction, the director owned 27,311 shares in the company, valued at approximately $297,416.79. This represents a 41.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Ladder Capital

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Ladder Capital by 63.8% in the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 931 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Ladder Capital in the 3rd quarter worth $34,000. Vision Financial Markets LLC bought a new stake in shares of Ladder Capital in the 3rd quarter worth $35,000. CWM LLC raised its holdings in shares of Ladder Capital by 192.4% in the second quarter. CWM LLC now owns 3,798 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,499 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Ladder Capital by 531.7% during the third quarter. Jones Financial Companies Lllp now owns 3,822 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 3,217 shares in the last quarter. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Stock Performance

Shares of Ladder Capital stock opened at $11.08 on Wednesday. The business has a 50-day moving average price of $11.02 and a two-hundred day moving average price of $11.06. Ladder Capital has a 1-year low of $9.68 and a 1-year high of $11.92. The company has a current ratio of 35.60, a quick ratio of 35.60 and a debt-to-equity ratio of 2.01. The company has a market cap of $1.41 billion, a P/E ratio of 17.58, a PEG ratio of 7.15 and a beta of 1.01.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Ladder Capital had a return on equity of 6.70% and a net margin of 19.26%.The company had revenue of $57.44 million for the quarter, compared to the consensus estimate of $62.90 million. During the same period in the previous year, the business earned $0.30 EPS. As a group, analysts anticipate that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Ladder Capital’s payout ratio is presently 146.03%.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.