Shares of Ladder Capital Corp (NYSE:LADR) have earned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.75.
A number of equities analysts have commented on LADR shares. JPMorgan Chase & Co. decreased their target price on Ladder Capital from $18.00 to $17.50 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Zacks Investment Research upgraded Ladder Capital from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th.
A number of hedge funds have recently modified their holdings of LADR. Unison Advisors LLC raised its holdings in shares of Ladder Capital by 3.2% during the second quarter. Unison Advisors LLC now owns 21,160 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 663 shares during the last quarter. Allstate Corp raised its holdings in shares of Ladder Capital by 3.4% during the first quarter. Allstate Corp now owns 28,731 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 949 shares during the last quarter. US Bancorp DE raised its holdings in shares of Ladder Capital by 25.4% during the second quarter. US Bancorp DE now owns 6,743 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 1,365 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Ladder Capital by 18.1% during the second quarter. Assetmark Inc. now owns 9,123 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 1,401 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new stake in shares of Ladder Capital during the second quarter valued at approximately $31,000. Institutional investors own 49.52% of the company’s stock.
NYSE:LADR traded up $0.13 during mid-day trading on Friday, reaching $17.15. The stock had a trading volume of 2,253 shares, compared to its average volume of 529,090. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 8.79 and a beta of 0.97. Ladder Capital has a 1-year low of $14.75 and a 1-year high of $18.82. The stock’s 50 day simple moving average is $17.02 and its two-hundred day simple moving average is $16.79. The company has a debt-to-equity ratio of 2.80, a current ratio of 62.27 and a quick ratio of 62.27.
Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.04. Ladder Capital had a return on equity of 12.05% and a net margin of 26.91%. The business had revenue of $85.32 million during the quarter, compared to the consensus estimate of $83.00 million. During the same period last year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts anticipate that Ladder Capital will post 1.48 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a $0.34 dividend. The ex-dividend date was Monday, September 9th. This represents a $1.36 dividend on an annualized basis and a yield of 7.93%. Ladder Capital’s payout ratio is currently 69.74%.
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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