Ladder Capital Corp (NYSE:LADR) reached a new 52-week high during trading on Wednesday . The company traded as high as $15.97 and last traded at $15.98, with a volume of 24571 shares. The stock had previously closed at $15.83.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Ladder Capital from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Wednesday. ValuEngine upgraded Ladder Capital from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. B. Riley set a $16.00 target price on Ladder Capital and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Deutsche Bank lifted their target price on Ladder Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Friday, May 4th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $16.50 price objective on shares of Ladder Capital in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.08.
The company has a market cap of $1.75 billion, a PE ratio of 11.74, a PEG ratio of 1.99 and a beta of 0.94. The company has a quick ratio of 101.06, a current ratio of 101.06 and a debt-to-equity ratio of 3.08.
Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.17. Ladder Capital had a return on equity of 12.40% and a net margin of 24.95%. The business had revenue of $117.83 million for the quarter, compared to analysts’ expectations of $66.99 million. During the same period in the previous year, the business posted $0.31 EPS. equities analysts forecast that Ladder Capital Corp will post 1.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Monday, June 11th will be paid a $0.325 dividend. This is a boost from Ladder Capital’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date of this dividend is Friday, June 8th. Ladder Capital’s payout ratio is currently 95.59%.
In related news, insider Thomas Harney bought 3,500 shares of Ladder Capital stock in a transaction on Wednesday, May 16th. The stock was acquired at an average price of $15.02 per share, with a total value of $52,570.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Pamela Mccormack bought 10,000 shares of Ladder Capital stock in a transaction on Tuesday, May 15th. The shares were bought at an average cost of $14.88 per share, with a total value of $148,800.00. The disclosure for this purchase can be found here. Insiders purchased a total of 31,000 shares of company stock worth $451,970 over the last 90 days. 12.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in Ladder Capital by 5.8% during the 1st quarter. Rhumbline Advisers now owns 77,466 shares of the real estate investment trust’s stock valued at $1,168,000 after buying an additional 4,280 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Ladder Capital by 8.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 66,747 shares of the real estate investment trust’s stock valued at $910,000 after buying an additional 5,471 shares in the last quarter. American International Group Inc. grew its holdings in Ladder Capital by 12.3% during the 4th quarter. American International Group Inc. now owns 53,162 shares of the real estate investment trust’s stock valued at $725,000 after buying an additional 5,825 shares in the last quarter. Van ECK Associates Corp grew its holdings in Ladder Capital by 2.0% during the 1st quarter. Van ECK Associates Corp now owns 328,934 shares of the real estate investment trust’s stock valued at $4,960,000 after buying an additional 6,398 shares in the last quarter. Finally, Relative Value Partners Group LLC grew its holdings in Ladder Capital by 2.3% during the 1st quarter. Relative Value Partners Group LLC now owns 312,392 shares of the real estate investment trust’s stock valued at $4,711,000 after buying an additional 6,913 shares in the last quarter. 56.20% of the stock is owned by institutional investors and hedge funds.
About Ladder Capital
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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