Ladder Capital Corp (LADR) Receives $17.83 Average Price Target from Analysts

Shares of Ladder Capital Corp (NYSE:LADR) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.83.

LADR has been the topic of a number of research reports. TheStreet upgraded shares of Ladder Capital from a “c” rating to a “b” rating in a report on Thursday, March 7th. Zacks Investment Research upgraded shares of Ladder Capital from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, February 13th. ValuEngine raised shares of Ladder Capital from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. Finally, Deutsche Bank downgraded shares of Ladder Capital from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call.

Shares of LADR stock opened at $16.29 on Monday. The company has a current ratio of 106.07, a quick ratio of 106.07 and a debt-to-equity ratio of 2.87. Ladder Capital has a one year low of $14.75 and a one year high of $18.82. The company has a market capitalization of $1.95 billion, a PE ratio of 8.35 and a beta of 0.96.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. Ladder Capital had a net margin of 27.90% and a return on equity of 12.25%. The firm had revenue of $68.37 million for the quarter, compared to analyst estimates of $78.38 million. During the same period in the prior year, the business posted $0.55 EPS. Equities analysts expect that Ladder Capital will post 1.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date of this dividend is Friday, June 7th. Ladder Capital’s dividend payout ratio is presently 69.74%.

In other news, President Pamela Mccormack acquired 1,600 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were bought at an average cost of $16.03 per share, with a total value of $25,648.00. Following the transaction, the president now owns 523,965 shares in the company, valued at approximately $8,399,158.95. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.80% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Private Capital Advisors Inc. grew its position in shares of Ladder Capital by 3.4% in the 1st quarter. Private Capital Advisors Inc. now owns 18,278 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 603 shares during the last quarter. Stockman Wealth Management Inc. grew its position in shares of Ladder Capital by 1.7% in the 1st quarter. Stockman Wealth Management Inc. now owns 36,911 shares of the real estate investment trust’s stock valued at $628,000 after buying an additional 611 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Ladder Capital by 0.9% in the 1st quarter. Macquarie Group Ltd. now owns 79,393 shares of the real estate investment trust’s stock valued at $1,351,000 after buying an additional 693 shares during the last quarter. James Investment Research Inc. grew its position in shares of Ladder Capital by 0.8% in the 1st quarter. James Investment Research Inc. now owns 91,286 shares of the real estate investment trust’s stock valued at $1,554,000 after buying an additional 756 shares during the last quarter. Finally, Allstate Corp grew its position in shares of Ladder Capital by 3.4% in the 1st 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. 51.12% of the stock is currently owned by institutional investors.

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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