Ladder Capital Corp (NYSE:LADR) Given Average Recommendation of “Buy” by Analysts

Shares of Ladder Capital Corp (NYSE:LADR) have received an average recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $13.29.

Several research firms have recently issued reports on LADR. Keefe, Bruyette & Woods reduced their target price on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a report on Tuesday, January 14th. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th.

Ladder Capital Stock Performance

NYSE LADR opened at $11.29 on Wednesday. Ladder Capital has a 1 year low of $10.10 and a 1 year high of $12.48. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44. The company has a fifty day moving average price of $11.38 and a 200-day moving average price of $11.59. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 14.85 and a beta of 1.92.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 8.15%. Ladder Capital’s dividend payout ratio is currently 121.05%.

Institutional Investors Weigh In On Ladder Capital

Hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC raised its holdings in shares of Ladder Capital by 1.6% during the 3rd quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust’s stock valued at $78,505,000 after buying an additional 108,079 shares in the last quarter. State Street Corp raised its holdings in shares of Ladder Capital by 1.9% during the third quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust’s stock valued at $35,411,000 after acquiring an additional 54,598 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ladder Capital by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock worth $30,743,000 after purchasing an additional 8,178 shares in the last quarter. Principal Financial Group Inc. raised its stake in Ladder Capital by 5.0% in the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after buying an additional 96,573 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Ladder Capital by 1.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,640,319 shares of the real estate investment trust’s stock valued at $19,028,000 after purchasing an additional 15,938 shares during the period. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Company Profile

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.