Ladder Capital Corp (NYSE:LADR) Receives Average Rating of “Moderate Buy” from Analysts

Ladder Capital Corp (NYSE:LADR) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $13.33.

Separately, B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday.

Ladder Capital Stock Down 1.9 %

LADR opened at $10.82 on Friday. The firm’s 50-day simple moving average is $11.58 and its 200-day simple moving average is $11.64. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. Ladder Capital has a twelve month low of $10.10 and a twelve month high of $12.48. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 14.24 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $128.64 million for the quarter, compared to analyst estimates of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same quarter in the prior year, the firm earned $0.28 EPS. Equities research analysts anticipate that Ladder Capital will post 1.06 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.50%. Ladder Capital’s payout ratio is presently 121.05%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Creative Planning lifted its position in Ladder Capital by 2.5% during the 3rd quarter. Creative Planning now owns 37,302 shares of the real estate investment trust’s stock valued at $433,000 after purchasing an additional 909 shares during the period. Capital Square LLC lifted its position in Ladder Capital by 2.6% during the 3rd quarter. Capital Square LLC now owns 76,462 shares of the real estate investment trust’s stock valued at $887,000 after purchasing an additional 1,953 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Ladder Capital by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 60,772 shares of the real estate investment trust’s stock valued at $686,000 after acquiring an additional 2,573 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Ladder Capital by 1.8% in the 2nd quarter. Rhumbline Advisers now owns 192,242 shares of the real estate investment trust’s stock valued at $2,170,000 after acquiring an additional 3,311 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC increased its stake in shares of Ladder Capital by 24.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 3,360 shares during the last quarter. 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.