Analysts Set Ladder Capital Corp (NYSE:LADR) PT at $13.17

Shares of Ladder Capital Corp (NYSE:LADR) have received a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.17.

Several brokerages have issued reports on LADR. StockNews.com cut Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods dropped their target price on Ladder Capital from $12.75 to $12.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th.

Ladder Capital Trading Down 0.3%

Ladder Capital stock opened at $10.66 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 38.96 and a quick ratio of 38.96. Ladder Capital has a one year low of $9.68 and a one year high of $12.48. The stock has a market capitalization of $1.35 billion, a PE ratio of 12.39 and a beta of 1.01. The business’s fifty day moving average is $10.74 and its 200 day moving average is $11.24.

Ladder Capital (NYSE:LADR) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The business had revenue of $51.20 million for the quarter, compared to analysts’ expectations of $65.15 million. Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. During the same period last year, the business earned $0.33 earnings per share. On average, sell-side analysts predict that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend was Monday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is currently 112.20%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Ladder Capital by 0.4% in the first quarter. Vanguard Group Inc. now owns 11,367,771 shares of the real estate investment trust’s stock worth $129,706,000 after buying an additional 42,255 shares during the period. Jennison Associates LLC raised its stake in shares of Ladder Capital by 2.8% in the first quarter. Jennison Associates LLC now owns 6,955,381 shares of the real estate investment trust’s stock worth $79,361,000 after buying an additional 190,867 shares during the period. Wellington Management Group LLP raised its stake in shares of Ladder Capital by 77.6% in the fourth quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust’s stock worth $30,043,000 after buying an additional 1,172,961 shares during the period. Principal Financial Group Inc. raised its stake in shares of Ladder Capital by 5.0% in the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after buying an additional 96,573 shares during the period. Finally, Nuveen LLC bought a new stake in Ladder Capital during the 1st quarter valued at approximately $22,261,000. Institutional investors own 62.25% of the company’s stock.

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.