Ladder Capital Corp (NYSE:LADR) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,278,010 shares, a growth of 66.3% from the October 31st total of 1,369,695 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average daily volume of 1,665,592 shares, the days-to-cover ratio is currently 1.4 days.
Several analysts have recently commented on LADR shares. Zacks Investment Research lowered shares of Ladder Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. JPMorgan Chase & Co. lowered shares of Ladder Capital from an “overweight” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, B. Riley set a $18.00 price target on shares of Ladder Capital and gave the company a “buy” rating in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.81.
LADR stock opened at $17.95 on Friday. The company has a market capitalization of $1.95 billion, a PE ratio of 13.20 and a beta of 0.87. Ladder Capital has a 12 month low of $13.40 and a 12 month high of $17.96. The company has a current ratio of 74.92, a quick ratio of 74.92 and a debt-to-equity ratio of 3.06.
Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.41 by $0.18. The business had revenue of $135.10 million for the quarter, compared to analyst estimates of $72.17 million. Ladder Capital had a net margin of 31.29% and a return on equity of 13.85%. During the same period in the prior year, the business earned $0.35 earnings per share. Equities analysts anticipate that Ladder Capital will post 1.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 24th. Stockholders of record on Monday, December 10th will be given a $0.57 dividend. The ex-dividend date is Friday, December 7th. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.33. This represents a $2.28 annualized dividend and a dividend yield of 12.70%. Ladder Capital’s dividend payout ratio is currently 95.59%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Ladder Capital by 24.8% during the second quarter. BlackRock Inc. now owns 8,783,634 shares of the real estate investment trust’s stock worth $137,203,000 after acquiring an additional 1,746,882 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Ladder Capital by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,784,024 shares of the real estate investment trust’s stock valued at $131,861,000 after purchasing an additional 145,880 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Ladder Capital by 2.9% in the 3rd quarter. Prudential Financial Inc. now owns 3,611,732 shares of the real estate investment trust’s stock valued at $61,183,000 after purchasing an additional 102,597 shares during the last quarter. LSV Asset Management raised its stake in shares of Ladder Capital by 27,444.7% in the 3rd quarter. LSV Asset Management now owns 1,762,862 shares of the real estate investment trust’s stock valued at $29,862,000 after acquiring an additional 1,756,462 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Ladder Capital by 26.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,045,043 shares of the real estate investment trust’s stock valued at $17,703,000 after acquiring an additional 220,693 shares during the period. Hedge funds and other institutional investors own 52.29% 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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