Analysts Set Ladder Capital Corp (NYSE:LADR) Price Target at $12.36

by · The Cerbat Gem

Ladder Capital Corp (NYSE:LADR – Get Free Report) has earned an average rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $12.3571.

LADR has been the subject of several recent analyst reports. Wall Street Zen upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ladder Capital in a research note on Friday. Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $11.00 to $10.75 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Finally, 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.

Get Our Latest Analysis on LADR

Insider Buying and Selling

In related news, insider Robert Perelman sold 17,505 shares of Ladder Capital 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 sale, the insider directly owned 428,684 shares in the company, valued at $4,394,011. This trade represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.60% of the stock is owned by corporate insiders.

Institutional Trading of Ladder Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. CENTRAL TRUST Co acquired a new position in shares of Ladder Capital in the 1st quarter valued at $33,000. Sunbelt Securities Inc. increased its stake in Ladder Capital by 48,988.9% in the first quarter. Sunbelt Securities Inc. now owns 4,418 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 4,409 shares during the period. KBC Group NV acquired a new position in Ladder Capital in the first quarter valued at $51,000. BROOKFIELD Corp ON raised its holdings in shares of Ladder Capital by 52.7% in the first quarter. BROOKFIELD Corp ON now owns 5,414 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 1,868 shares during the last quarter. Finally, North Star Investment Management Corp. purchased a new stake in shares of Ladder Capital in the first quarter valued at about $92,000. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Price Performance

Ladder Capital stock opened at $9.94 on Friday. 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 company has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $10.15. The stock has a market cap of $1.26 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.03 and a beta of 0.95. Ladder Capital has a 12-month low of $9.38 and a 12-month high of $11.92.

Ladder Capital (NYSE:LADR – Get Free Report) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $57.76 million for the quarter, compared to analyst estimates of $56.50 million. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.During the same quarter in the prior year, the company posted $0.23 earnings per share. Equities analysts expect that Ladder Capital will post 0.72 EPS for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Ladder Capital’s dividend payout ratio (DPR) is 219.05%.

About Ladder Capital

(Get Free Report)

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.

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