Ladder Capital (NYSE:LADR) Sets New 1-Year Low on Analyst Downgrade

Ladder Capital Corp (NYSE:LADR) reached a new 52-week low on Monday after Keefe, Bruyette & Woods lowered their price target on the stock from $12.75 to $12.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Ladder Capital traded as low as $9.91 and last traded at $10.00, with a volume of 137520 shares. The stock had previously closed at $10.60.

A number of other brokerages have also recently weighed in on LADR. StockNews.com cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ladder Capital has an average rating of “Moderate Buy” and an average target price of $13.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Access Investment Management LLC lifted its position in shares of Ladder Capital by 0.4% during the 4th quarter. Access Investment Management LLC now owns 284,064 shares of the real estate investment trust’s stock worth $3,179,000 after purchasing an additional 1,145 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Ladder Capital by 13.4% during the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 2,011 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Ladder Capital by 816.1% during the 4th quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 3,240 shares in the last quarter. Capital Square LLC increased its holdings in shares of Ladder Capital by 4.3% in the 4th quarter. Capital Square LLC now owns 79,713 shares of the real estate investment trust’s stock valued at $882,000 after acquiring an additional 3,251 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Ladder Capital during the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.

Ladder Capital Stock Performance

The firm has a 50 day moving average of $11.49 and a two-hundred day moving average of $11.46. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. The stock has a market cap of $1.29 billion, a PE ratio of 11.78 and a beta of 1.44.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. Research analysts predict that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.08%. Ladder Capital’s dividend payout ratio (DPR) is presently 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.