Ladder Capital Corp (NYSE:LADR) Given Average Recommendation of “Buy” by Brokerages

Shares of Ladder Capital Corp (NYSE:LADR) have earned an average recommendation of “Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $13.20.

A number of analysts recently weighed in on LADR shares. Wall Street Zen downgraded shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday. Keefe, Bruyette & Woods decreased their price target on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating for the company in a research note on Monday, April 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LADR. Strs Ohio bought a new stake in Ladder Capital in the first quarter valued at approximately $242,000. Jane Street Group LLC raised its position in Ladder Capital by 997.0% in the 1st quarter. Jane Street Group LLC now owns 180,230 shares of the real estate investment trust’s stock valued at $2,056,000 after buying an additional 163,800 shares during the last quarter. Palogic Value Management L.P. raised its position in Ladder Capital by 10.8% in the 1st quarter. Palogic Value Management L.P. now owns 137,624 shares of the real estate investment trust’s stock valued at $1,570,000 after buying an additional 13,389 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in Ladder Capital by 138.6% in the 1st quarter. Coppell Advisory Solutions LLC now owns 8,933 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 5,189 shares during the last quarter. Finally, Aristeia Capital L.L.C. purchased a new stake in shares of Ladder Capital during the 1st quarter valued at $268,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Trading Up 0.2%

Shares of Ladder Capital stock opened at $11.03 on Friday. The company’s fifty day moving average price is $10.59 and its two-hundred day moving average price is $10.97. The company has a debt-to-equity ratio of 1.83, a current ratio of 48.72 and a quick ratio of 48.71. Ladder Capital has a 52-week low of $9.68 and a 52-week high of $12.48. The firm has a market capitalization of $1.41 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 3.31 and a beta of 1.00.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $51.20 million for the quarter, compared to analyst estimates of $65.15 million. Ladder Capital had a return on equity of 7.82% and a net margin of 21.81%. During the same quarter last year, the company earned $0.33 EPS. On average, analysts expect that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date of this dividend is Monday, June 30th. Ladder Capital’s dividend payout ratio is presently 112.20%.

About Ladder Capital

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.