Ladder Capital (NYSE:LADR) Share Price Passes Below 50 Day Moving Average – Here’s Why

Ladder Capital Corp (NYSE:LADR)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.17 and traded as low as $9.93. Ladder Capital shares last traded at $9.9650, with a volume of 843,752 shares.

Analyst Ratings Changes

LADR has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Wall Street Zen upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Keefe, Bruyette & Woods cut their target price on Ladder Capital from $11.50 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.75.

Ladder Capital Stock Down 0.1%

The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79. The company has a market cap of $1.27 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. The company has a fifty day moving average of $10.17 and a 200 day moving average of $10.42.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $51.88 million for the quarter, compared to the consensus estimate of $57.03 million. Ladder Capital had a return on equity of 5.73% and a net margin of 13.82%.During the same quarter in the prior year, the company earned $0.20 earnings per share. On average, research analysts anticipate that Ladder Capital Corp will post 0.75 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Tuesday, June 30th. Ladder Capital’s dividend payout ratio (DPR) is 209.09%.

Insider Activity

In other news, insider Robert Perelman sold 17,505 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $10.25, for a total transaction of $179,426.25. Following the completion of the sale, the insider directly owned 428,684 shares of the company’s stock, valued at approximately $4,394,011. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 12.00% of the company’s stock.

Institutional Investors Weigh In On Ladder Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in Ladder Capital by 63.8% during the 4th quarter. GAMMA Investing LLC now owns 2,390 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 931 shares during the last quarter. Capital Square LLC boosted its holdings in shares of Ladder Capital by 1.2% in the 3rd quarter. Capital Square LLC now owns 80,894 shares of the real estate investment trust’s stock valued at $883,000 after acquiring an additional 986 shares during the last quarter. Seven Mile Advisory boosted its holdings in shares of Ladder Capital by 4.0% in the 4th quarter. Seven Mile Advisory now owns 25,719 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 992 shares during the last quarter. Nebula Research & Development LLC increased its stake in shares of Ladder Capital by 3.1% in the second quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 1,008 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Ladder Capital by 2.6% in the first quarter. Royal Bank of Canada now owns 40,823 shares of the real estate investment trust’s stock worth $399,000 after acquiring an additional 1,026 shares during the period. Institutional investors own 62.25% of the company’s stock.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.