Brokerages Set Ladder Capital Corp (NYSE:LADR) PT at $13.29

Shares of Ladder Capital Corp (NYSE:LADR) have received a consensus rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research 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 price objective among brokerages that have issued a report on the stock in the last year is $13.29.

LADR has been the subject of a number of research analyst reports. StockNews.com cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods dropped their price target on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Finally, B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Quest Partners LLC increased its holdings in shares of Ladder Capital by 13,513.5% during the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 7,027 shares in the last quarter. Intech Investment Management LLC purchased a new position in Ladder Capital in the third quarter valued at $344,000. Charles Schwab Investment Management Inc. raised its position in shares of Ladder Capital by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,633,075 shares of the real estate investment trust’s stock worth $18,944,000 after acquiring an additional 4,282 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Ladder Capital by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 88,717 shares of the real estate investment trust’s stock worth $1,029,000 after acquiring an additional 16,585 shares in the last quarter. Finally, FMR LLC grew its position in shares of Ladder Capital by 11.3% during the 3rd quarter. FMR LLC now owns 124,853 shares of the real estate investment trust’s stock valued at $1,448,000 after acquiring an additional 12,638 shares during the period. 62.25% of the stock is owned by institutional investors and hedge funds.

Ladder Capital Trading Up 0.3 %

Shares of NYSE:LADR opened at $11.43 on Thursday. The business’s 50-day moving average is $11.52 and its 200 day moving average is $11.50. 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 1 year low of $10.21 and a 1 year high of $12.48. The firm has a market capitalization of $1.45 billion, a P/E ratio of 13.29 and a beta of 1.44.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. On average, research analysts predict that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.05%. The ex-dividend date of this dividend is Monday, March 31st. Ladder Capital’s dividend payout ratio (DPR) is 106.98%.

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.