Ladder Capital Corp (NYSE:LADR) has received a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $16.67.
Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Ladder Capital from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday. ValuEngine cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $16.50 target price on shares of Ladder Capital in a report on Thursday, March 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.
Shares of Ladder Capital (NYSE:LADR) traded down $0.15 on Friday, hitting $14.92. 1,641,092 shares of the stock traded hands, compared to its average volume of 1,350,000. Ladder Capital has a 12 month low of $12.82 and a 12 month high of $15.39. The company has a market capitalization of $1,650.00, a PE ratio of 12.43, a PEG ratio of 2.14 and a beta of 0.96. The company has a debt-to-equity ratio of 2.94, a current ratio of 62.36 and a quick ratio of 62.36.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 12th will be issued a dividend of $0.315 per share. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.26 annualized dividend and a dividend yield of 8.45%. Ladder Capital’s dividend payout ratio is presently 105.00%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC acquired a new stake in shares of Ladder Capital during the 4th quarter worth approximately $21,314,000. Two Sigma Investments LP boosted its position in shares of Ladder Capital by 660.2% during the 4th quarter. Two Sigma Investments LP now owns 812,807 shares of the real estate investment trust’s stock worth $11,079,000 after acquiring an additional 705,891 shares in the last quarter. Boston Partners acquired a new stake in shares of Ladder Capital during the 3rd quarter worth approximately $8,944,000. Prudential Financial Inc. boosted its position in shares of Ladder Capital by 150.9% during the 3rd quarter. Prudential Financial Inc. now owns 677,531 shares of the real estate investment trust’s stock worth $9,336,000 after acquiring an additional 407,530 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Ladder Capital by 50.6% during 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 acquiring an additional 406,141 shares in the last quarter. 49.70% of the stock is currently owned by institutional investors.
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Ladder Capital 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).
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