Zacks Investment Research lowered shares of Ladder Capital (NYSE:LADR) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.
According to Zacks, “Ladder Capital Corp is a commercial real estate finance company. The Company operates in three segments: Loans, Securities and Real Estate. It focused on midmarket senior secured commercial real estate first mortgage loans, investment grade-rated securities secured by first mortgage loans on commercial real estate and investing in net leased and other commercial real estate. The company also provides services of the commercial real estate industry which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York City. “
A number of other equities research analysts have also weighed in on LADR. Keefe, Bruyette & Woods reissued a buy rating and set a $16.00 target price on shares of Ladder Capital in a report on Friday, September 22nd. BidaskClub lowered shares of Ladder Capital from a hold rating to a sell rating in a report on Saturday, October 21st. B. Riley reissued a buy rating on shares of Ladder Capital in a report on Friday, November 3rd. ValuEngine raised shares of Ladder Capital from a buy rating to a strong-buy rating in a report on Friday, December 1st. Finally, Bank of America raised shares of Ladder Capital from a neutral rating to a buy rating in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $16.50.
Shares of Ladder Capital (NYSE:LADR) opened at $14.99 on Wednesday. Ladder Capital has a 1-year low of $12.82 and a 1-year high of $15.23. The company has a current ratio of 77.86, a quick ratio of 77.86 and a debt-to-equity ratio of 2.86. The firm has a market cap of $1,660.10, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03.
Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Ladder Capital had a net margin of 27.38% and a return on equity of 9.78%. The firm had revenue of $69.30 million for the quarter, compared to analyst estimates of $59.05 million. During the same period in the previous year, the firm posted $0.40 EPS. equities analysts predict that Ladder Capital will post 1.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Monday, December 11th were given a $0.315 dividend. The ex-dividend date was Friday, December 8th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.41%. This is an increase from Ladder Capital’s previous quarterly dividend of $0.30. Ladder Capital’s payout ratio is 103.28%.
Several hedge funds and other institutional investors have recently modified their holdings of LADR. BlackRock Inc. lifted its position in shares of Ladder Capital by 44.3% in the 2nd quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock worth $95,416,000 after purchasing an additional 2,183,991 shares during the period. Vanguard Group Inc. lifted its position in shares of Ladder Capital by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock worth $76,459,000 after purchasing an additional 712,583 shares during the period. Boston Partners acquired a new position in shares of Ladder Capital in the 3rd quarter worth approximately $8,944,000. Prudential Financial Inc. lifted its position in shares of Ladder Capital by 150.9% in the 3rd quarter. Prudential Financial Inc. now owns 677,531 shares of the real estate investment trust’s stock worth $9,336,000 after purchasing an additional 407,530 shares during the period. Finally, State Street Corp lifted its position in shares of Ladder Capital by 50.6% in the 2nd quarter. State Street Corp now owns 1,209,568 shares of the real estate investment trust’s stock worth $16,219,000 after purchasing an additional 406,141 shares during the period. Hedge funds and other institutional investors own 46.18% of the company’s stock.
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About Ladder Capital
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).
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