Analysts Set Ladder Capital Corp (NYSE:LADR) Price Target at $13.33

by · The Cerbat Gem

Ladder Capital Corp (NYSE:LADR – Get Free Report) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.33.

Several analysts recently commented on the stock. Wolfe Research started coverage on shares of Ladder Capital in a research report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 price target on the stock. B. Riley lifted their price target on Ladder Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, July 29th. StockNews.com downgraded Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods boosted their price objective on Ladder Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Finally, Bank of America increased their target price on Ladder Capital from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, July 29th.

View Our Latest Report on Ladder Capital

Ladder Capital Trading Down 0.3 %

Shares of Ladder Capital stock opened at $11.05 on Thursday. The firm has a fifty day moving average price of $11.81 and a 200 day moving average price of $11.39. The stock has a market cap of $1.40 billion, a PE ratio of 14.54 and a beta of 1.94. The company has a debt-to-equity ratio of 2.21, a current ratio of 76.87 and a quick ratio of 76.87. Ladder Capital has a 1 year low of $9.08 and a 1 year high of $12.48.

Ladder Capital (NYSE:LADR – Get Free Report) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Ladder Capital had a return on equity of 9.17% and a net margin of 19.07%. The firm had revenue of $71.67 million for the quarter, compared to the consensus estimate of $71.22 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The company’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that Ladder Capital will post 1 earnings per share for the current year.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date is Monday, September 30th. Ladder Capital’s dividend payout ratio (DPR) is 121.05%.

Insider Buying and Selling

In other Ladder Capital news, insider Robert Perelman sold 25,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the sale, the insider now owns 351,453 shares in the company, valued at approximately $4,270,153.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ladder Capital news, President Pamela Mccormack sold 50,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $612,500.00. Following the transaction, the president now owns 548,863 shares of the company’s stock, valued at approximately $6,723,571.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Perelman sold 25,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $12.15, for a total value of $303,750.00. Following the completion of the sale, the insider now directly owns 351,453 shares of the company’s stock, valued at $4,270,153.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,000 shares of company stock worth $2,133,250. 12.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ladder Capital

A number of hedge funds have recently modified their holdings of LADR. MQS Management LLC purchased a new stake in shares of Ladder Capital in the 2nd quarter valued at approximately $128,000. Algert Global LLC purchased a new position in Ladder Capital in the second quarter worth approximately $130,000. SG Americas Securities LLC acquired a new stake in Ladder Capital during the first quarter worth $148,000. HB Wealth Management LLC raised its position in Ladder Capital by 7.1% in the first quarter. HB Wealth Management LLC now owns 15,000 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,000 shares during the period. Finally, TrueMark Investments LLC acquired a new position in shares of Ladder Capital in the 2nd quarter valued at $174,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.

About Ladder Capital

(Get Free Report

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.

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