Ladder Capital Corp (NYSE:LADR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Ladder Capital Corp (NYSE:LADR) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $13.33.

Separately, B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday.

Ladder Capital Price Performance

NYSE LADR opened at $10.82 on Friday. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $1.38 billion, a PE ratio of 14.24 and a beta of 1.92. The company has a 50 day moving average price of $11.58 and a two-hundred day moving average price of $11.64. Ladder Capital has a 12-month low of $10.10 and a 12-month high of $12.48.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $128.64 million during the quarter, compared to analysts’ expectations of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, equities analysts predict that Ladder Capital will post 1.06 earnings per share for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.50%. The ex-dividend date of this dividend is Tuesday, December 31st. Ladder Capital’s dividend payout ratio (DPR) is currently 121.05%.

Institutional Investors Weigh In On Ladder Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC increased its holdings in Ladder Capital by 13,513.5% in the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 7,027 shares during the period. Quarry LP increased its holdings in Ladder Capital by 1,832.9% in the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 7,698 shares during the period. MQS Management LLC bought a new stake in Ladder Capital in the 2nd quarter valued at $128,000. Algert Global LLC bought a new stake in Ladder Capital in the 2nd quarter valued at $130,000. Finally, Mount Yale Investment Advisors LLC increased its holdings in Ladder Capital by 24.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,219 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 3,360 shares during the period. Institutional investors own 62.25% of the company’s stock.

About Ladder Capital

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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.