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

by · The Markets Daily

Shares of Ladder Capital Corp (NYSE:LADR – Get Free Report) have received an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.3571.

LADR has been the topic of a number of recent analyst reports. Bank of America restated a “neutral” rating and issued a $10.25 price target on shares of Ladder Capital in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ladder Capital in a research note on Friday, August 7th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Ladder Capital from $11.00 to $10.75 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th.

Check Out Our Latest Research Report on LADR

Ladder Capital Stock Up 0.1%

LADR opened at $9.83 on Thursday. Ladder Capital has a fifty-two week low of $9.38 and a fifty-two week high of $11.92. The company has a debt-to-equity ratio of 2.81, a quick ratio of 44.15 and a current ratio of 44.15. The company has a market capitalization of $1.25 billion, a P/E ratio of 23.41, a P/E/G ratio of 1.05 and a beta of 0.96. The stock has a fifty day moving average of $9.84 and a 200-day moving average of $10.05.

Ladder Capital (NYSE:LADR – Get Free Report) last released its quarterly 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 business had revenue of $57.76 million for the quarter, compared to the consensus estimate of $56.50 million. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. During the same period in the prior year, the company posted $0.23 earnings per share. On average, equities analysts expect that Ladder Capital will post 0.72 EPS for the current year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 9.4%. Ladder Capital’s dividend payout ratio is presently 219.05%.

Institutional Investors Weigh In On Ladder Capital

Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Ladder Capital by 80.5% during the 2nd quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock worth $35,623,000 after purchasing an additional 1,596,839 shares in the last quarter. Victory Capital Management Inc. raised its position in Ladder Capital by 17.0% in the 4th quarter. Victory Capital Management Inc. now owns 3,275,047 shares of the real estate investment trust’s stock valued at $35,993,000 after buying an additional 474,982 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Ladder Capital by 30.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,930,524 shares of the real estate investment trust’s stock valued at $32,206,000 after acquiring an additional 682,511 shares in the last quarter. Nuveen LLC lifted its stake in Ladder Capital by 11.4% during the 4th quarter. Nuveen LLC now owns 2,208,830 shares of the real estate investment trust’s stock valued at $24,275,000 after acquiring an additional 225,931 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Ladder Capital by 50.6% during the 4th quarter. Russell Investments Group Ltd. now owns 1,391,133 shares of the real estate investment trust’s stock valued at $15,289,000 after acquiring an additional 467,545 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Company Profile

(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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