Ladder Capital Corp (NYSE:LADR) Receives $13.29 Consensus Target Price from Analysts

Ladder Capital Corp (NYSE:LADR) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.29.

Several research analysts have commented on LADR shares. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price target on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Finally, StockNews.com lowered shares of Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LADR. State Street Corp lifted its position in shares of Ladder Capital by 1.9% in the 3rd quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust’s stock worth $35,411,000 after purchasing an additional 54,598 shares during the period. Wellington Management Group LLP boosted its position in Ladder Capital by 77.6% during the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust’s stock valued at $30,043,000 after acquiring an additional 1,172,961 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ladder Capital by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock valued at $30,743,000 after acquiring an additional 8,178 shares during the period. Principal Financial Group Inc. raised its position in shares of Ladder Capital by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after acquiring an additional 96,573 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Ladder Capital by 35.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust’s stock worth $19,896,000 after purchasing an additional 461,739 shares during the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Stock Performance

Ladder Capital stock opened at $11.43 on Thursday. The company has a quick ratio of 38.96, a current ratio of 38.96 and a debt-to-equity ratio of 2.05. Ladder Capital has a twelve month low of $10.21 and a twelve month high of $12.48. The company’s 50-day moving average price is $11.51 and its 200-day moving average price is $11.50. The company has a market cap of $1.45 billion, a PE ratio of 13.30 and a beta of 1.91.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. On average, equities research analysts forecast that Ladder Capital will post 1.03 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.23 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.05%. Ladder Capital’s dividend payout ratio is currently 106.98%.

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.