Ladder Capital (NYSE:LADR) Hits New 12-Month Low Following Analyst Downgrade

Ladder Capital Corp (NYSE:LADR)’s share price hit a new 52-week low during trading on Monday after Keefe, Bruyette & Woods lowered their price target on the stock from $12.75 to $12.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Ladder Capital traded as low as $9.91 and last traded at $10.00, with a volume of 137520 shares changing hands. The stock had previously closed at $10.60.

Other equities analysts have also issued reports about the company. StockNews.com lowered Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ladder Capital currently has a consensus rating of “Moderate Buy” and an average target price of $13.17.

Hedge Funds Weigh In On Ladder Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its position in shares of Ladder Capital by 11.3% in the 3rd quarter. FMR LLC now owns 124,853 shares of the real estate investment trust’s stock worth $1,448,000 after acquiring an additional 12,638 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Ladder Capital by 34.4% during the third quarter. BNP Paribas Financial Markets now owns 34,709 shares of the real estate investment trust’s stock valued at $403,000 after purchasing an additional 8,887 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Ladder Capital by 21.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 264,655 shares of the real estate investment trust’s stock worth $3,070,000 after buying an additional 47,085 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Ladder Capital by 80.9% in the 3rd quarter. Verition Fund Management LLC now owns 30,296 shares of the real estate investment trust’s stock worth $351,000 after buying an additional 13,545 shares during the last quarter. Finally, Quarry LP increased its position in 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 buying an additional 7,698 shares in the last quarter. 62.25% of the stock is owned by institutional investors.

Ladder Capital Stock Down 2.6 %

The firm has a market cap of $1.31 billion, a PE ratio of 12.00 and a beta of 1.44. The stock has a 50 day simple moving average of $11.52 and a 200-day simple moving average of $11.48. 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 (NYSE:LADR) last posted 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 return on equity of 8.77% and a net margin of 21.36%. Sell-side analysts predict that Ladder Capital Corp will post 1.03 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.91%. The ex-dividend date is Monday, March 31st. Ladder Capital’s payout ratio is 106.98%.

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.