B. Riley Reaffirms Buy Rating for Ladder Capital (NYSE:LADR)

B. Riley reissued their buy rating on shares of Ladder Capital (NYSE:LADR) in a research note issued to investors on Friday, TipRanks reports. B. Riley currently has a $11.00 target price on the real estate investment trust’s stock. B. Riley also issued estimates for Ladder Capital’s Q3 2020 earnings at $0.17 EPS, Q4 2020 earnings at $0.19 EPS, FY2020 earnings at $0.53 EPS, Q1 2021 earnings at $0.26 EPS, Q2 2021 earnings at $0.24 EPS, Q3 2021 earnings at $0.23 EPS and Q4 2021 earnings at $0.23 EPS.

LADR has been the subject of several other research reports. Zacks Investment Research upgraded shares of Ladder Capital from a sell rating to a hold rating in a research report on Thursday, May 7th. TheStreet lowered shares of Ladder Capital from a b- rating to a c rating in a research report on Thursday, March 19th. JMP Securities reduced their price objective on shares of Ladder Capital from $19.00 to $10.00 and set an outperform rating for the company in a research report on Friday, April 3rd. ValuEngine upgraded shares of Ladder Capital from a strong sell rating to a sell rating in a research report on Friday, May 1st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Ladder Capital from $9.00 to $10.00 and gave the company an outperform rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $12.66.

Ladder Capital stock opened at $8.17 on Friday. The stock has a market cap of $961.76 million, a price-to-earnings ratio of 10.34 and a beta of 2.36. The company has a current ratio of 108.52, a quick ratio of 108.52 and a debt-to-equity ratio of 3.79. The company’s 50-day moving average price is $7.48 and its two-hundred day moving average price is $13.45. Ladder Capital has a 52 week low of $2.65 and a 52 week high of $18.97.

Ladder Capital (NYSE:LADR) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.06). Ladder Capital had a net margin of 18.39% and a return on equity of 9.46%. The company had revenue of $50.19 million for the quarter, compared to analyst estimates of $31.41 million. Research analysts expect that Ladder Capital will post 0.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 9.79%. The ex-dividend date is Tuesday, June 9th. Ladder Capital’s payout ratio is 93.79%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. boosted its holdings in shares of Ladder Capital by 7.3% in the fourth quarter. Assetmark Inc. now owns 9,965 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 682 shares during the period. Amalgamated Bank boosted its holdings in shares of Ladder Capital by 9.4% in the fourth quarter. Amalgamated Bank now owns 16,409 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 1,408 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ladder Capital by 31.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,709 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 1,600 shares during the period. FSA Wealth Management LLC acquired a new position in shares of Ladder Capital in the fourth quarter worth about $31,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Ladder Capital in the fourth quarter worth approximately $8,035,000. Institutional investors own 48.05% of the company’s stock.

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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Analyst Recommendations for Ladder Capital (NYSE:LADR)

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