Shares of Ladder Capital Corp (NASDAQ:LADR) have been assigned a consensus rating of “Buy” from the nine research firms that are presently covering the firm. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $15.00.
Several equities analysts recently commented on the company. FBR & Co restated an “outperform” rating and set a $80.00 target price (up from $16.00) on shares of Ladder Capital Corp in a research report on Tuesday, February 28th. TheStreet upgraded Ladder Capital Corp from a “d-” rating to a “c-” rating in a report on Monday, February 6th. Zacks Investment Research cut Ladder Capital Corp from a “hold” rating to a “strong sell” rating in a report on Thursday, March 2nd. Wells Fargo & Co upgraded Ladder Capital Corp from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 14th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 price objective on shares of Ladder Capital Corp in a report on Wednesday, March 8th.
Shares of Ladder Capital Corp (NASDAQ:LADR) traded down 0.07% on Tuesday, reaching $14.69. The company’s stock had a trading volume of 242,702 shares. The firm’s 50 day moving average is $14.52 and its 200-day moving average is $13.89. The stock has a market cap of $1.06 billion and a P/E ratio of 13.85. Ladder Capital Corp has a 52-week low of $11.29 and a 52-week high of $15.53.
The business also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Monday, March 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date of this dividend was Thursday, March 9th. This is a positive change from Ladder Capital Corp’s previous quarterly dividend of $0.28.
In other Ladder Capital Corp news, major shareholder Investor Executi Towerbrook II sold 1,113,056 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $14.05, for a total transaction of $15,638,436.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gi Partners Fund Iii Lp sold 2,023,254 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $13.59, for a total value of $27,496,021.86. The disclosure for this sale can be found here. In the last three months, insiders sold 6,041,536 shares of company stock valued at $83,128,486.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. acquired a new position in Ladder Capital Corp during the fourth quarter worth approximately $248,000. Cipher Capital LP acquired a new position in Ladder Capital Corp during the fourth quarter worth approximately $342,000. Martingale Asset Management L P acquired a new position in Ladder Capital Corp during the fourth quarter worth approximately $367,000. Royal Bank of Canada raised its position in Ladder Capital Corp by 54.1% in the second quarter. Royal Bank of Canada now owns 32,402 shares of the real estate investment trust’s stock worth $395,000 after buying an additional 11,379 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Ladder Capital Corp during the first quarter valued at about $425,000.
Ladder Capital Corp Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
