Ladder Capital (NYSE:LADR) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Ladder Capital Corp (NYSE:LADR) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.45 and traded as low as $11.01. Ladder Capital shares last traded at $11.07, with a volume of 327,283 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have commented on LADR shares. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their target price on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $13.29.

Ladder Capital Trading Up 0.2 %

The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. The company’s 50 day moving average is $11.45 and its 200 day moving average is $11.62. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 14.56 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. The business had revenue of $128.64 million during the quarter, compared to analysts’ expectations of $60.85 million. During the same quarter last year, the company earned $0.28 earnings per share. On average, research analysts forecast that Ladder Capital Corp will post 1.04 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.31%. Ladder Capital’s dividend payout ratio is currently 121.05%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LADR. Quest Partners LLC boosted its stake in Ladder Capital by 13,513.5% during the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 7,027 shares in the last quarter. Quarry LP boosted its position in shares of Ladder Capital by 1,832.9% during the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 7,698 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Ladder Capital in the fourth quarter valued at about $112,000. Algert Global LLC acquired a new position in Ladder Capital in the second quarter worth about $130,000. Finally, HB Wealth Management LLC lifted its stake in Ladder Capital by 13.4% during the fourth quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 2,011 shares during the period. 62.25% of the stock is currently owned by institutional investors and hedge funds.

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.