Ladder Capital (NYSE:LADR)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $16.06, but opened at $14.98. Ladder Capital shares last traded at $14.33, with a volume of 9409606 shares traded.
LADR has been the topic of a number of research reports. Zacks Investment Research upgraded Ladder Capital from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Saturday, January 13th. Bank of America upgraded Ladder Capital from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. ValuEngine downgraded Ladder Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.50 price target on shares of Ladder Capital in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $17.00.
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 has a market cap of $1,594.70, a P/E ratio of 10.47, a P/E/G ratio of 2.03 and a beta of 0.89.
Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). Ladder Capital had a net margin of 20.78% and a return on equity of 10.30%. The company had revenue of $126.10 million for the quarter, compared to analyst estimates of $71.78 million. equities research analysts expect that Ladder Capital will post 1.41 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 12th were issued a dividend of $0.315 per share. The ex-dividend date was Friday, March 9th. This represents a $1.26 annualized dividend and a yield of 8.89%. Ladder Capital’s dividend payout ratio (DPR) is presently 92.65%.
Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in shares of Ladder Capital by 6.3% in the third quarter. Bank of New York Mellon Corp now owns 342,626 shares of the real estate investment trust’s stock valued at $4,722,000 after acquiring an additional 20,373 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Ladder Capital in the third quarter valued at approximately $2,674,000. SG Americas Securities LLC boosted its position in shares of Ladder Capital by 61.4% in the third quarter. SG Americas Securities LLC now owns 12,077 shares of the real estate investment trust’s stock valued at $166,000 after acquiring an additional 4,593 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Ladder Capital by 3.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 339,942 shares of the real estate investment trust’s stock valued at $4,685,000 after acquiring an additional 10,040 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Ladder Capital by 34.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 51,425 shares of the real estate investment trust’s stock valued at $709,000 after acquiring an additional 13,043 shares during the period. Institutional investors own 49.66% of the company’s stock.
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Ladder Capital Company Profile
Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.
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