Ladder Capital (NYSE:LADR) Sets New 52-Week Low – What’s Next?

Ladder Capital Corp (NYSE:LADR)’s share price hit a new 52-week low on Tuesday. The stock traded as low as $8.48 and last traded at $8.5150, with a volume of 1490328 shares trading hands. The stock had previously closed at $8.62.

Analyst Ratings Changes

LADR has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Ladder Capital in a research report on Friday, August 7th. Keefe, Bruyette & Woods cut their target price on Ladder Capital from $11.00 to $10.75 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Bank of America reissued a “neutral” rating and set a $10.25 price objective on shares of Ladder Capital in a report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Ladder Capital from a “strong sell” rating to a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.36.

Ladder Capital Stock Down 0.1%

The company has a current ratio of 44.15, a quick ratio of 44.15 and a debt-to-equity ratio of 2.81. The business’s fifty day moving average price is $9.55 and its 200 day moving average price is $9.87. The company has a market capitalization of $1.10 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.93 and a beta of 0.98.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $57.76 million for the quarter, compared to analysts’ expectations of $56.50 million. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. During the same quarter in the previous year, the firm posted $0.23 earnings per share. As a group, equities research analysts predict that Ladder Capital Corp will post 0.72 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Wednesday, September 30th. Ladder Capital’s dividend payout ratio (DPR) is 219.05%.

Institutional Trading of Ladder Capital

A number of large investors have recently bought and sold shares of LADR. Kestra Advisory Services LLC raised its holdings in shares of Ladder Capital by 473.9% in the first quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust’s stock valued at $3,019,000 after buying an additional 255,164 shares during the last quarter. State Street Corp increased its position in Ladder Capital by 4.5% in the 2nd quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock valued at $30,331,000 after acquiring an additional 129,665 shares in the last quarter. Wellington Management Group LLP increased its position in Ladder Capital by 80.5% in the 2nd quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock valued at $35,623,000 after acquiring an additional 1,596,839 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of Ladder Capital in the second quarter valued at approximately $543,000. Finally, FJ Capital Management LLC bought a new position in Ladder Capital in the 4th quarter worth approximately $732,000. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Company Profile

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital’s platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.