Ladder Capital (NYSE:LADR) Shares Pass Below Fifty Day Moving Average – What’s Next?

Ladder Capital Corp (NYSE:LADR)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.85 and traded as low as $10.37. Ladder Capital shares last traded at $10.3770, with a volume of 865,499 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Susquehanna set a $13.00 price target on Ladder Capital in a research note on Wednesday, January 21st. HSBC set a $13.00 price objective on Ladder Capital in a research note on Wednesday, January 21st. B. Riley Financial started coverage on Ladder Capital in a research report on Monday, January 5th. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ladder Capital in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ladder Capital presently has an average rating of “Moderate Buy” and an average price target of $12.92.

Ladder Capital Price Performance

The company has a quick ratio of 29.65, a current ratio of 29.65 and a debt-to-equity ratio of 2.37. The company has a 50 day simple moving average of $10.85 and a 200-day simple moving average of $10.98. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 0.78 and a beta of 1.01.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend was Wednesday, December 31st. Ladder Capital’s payout ratio is currently 180.39%.

Institutional Trading of Ladder Capital

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Ladder Capital by 63.8% during 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. Newbridge Financial Services Group Inc. lifted its holdings in Ladder Capital by 500.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 2,500 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Ladder Capital in the third quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new position in shares of Ladder Capital during the third quarter valued at approximately $35,000. Finally, CWM LLC grew its holdings in shares of Ladder Capital by 192.4% during 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. 62.25% of the stock is owned by institutional investors and hedge funds.

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.