Ladder Capital (NYSE:LADR) Sees Large Volume Increase – Here’s Why

Shares of Ladder Capital Corp (NYSE:LADR) saw unusually-high trading volume on Monday . Approximately 624,662 shares traded hands during mid-day trading, an increase of 20% from the previous session’s volume of 521,263 shares.The stock last traded at $11.07 and had previously closed at $11.21.

Wall Street Analyst Weigh In

LADR has been the topic of a number of analyst reports. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their target price on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ladder Capital currently has a consensus rating of “Buy” and a consensus target price of $13.29.

Ladder Capital Price Performance

The firm has a 50-day simple moving average of $11.38 and a 200-day simple moving average of $11.59. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34. The firm has a market cap of $1.44 billion, a P/E ratio of 14.80 and a beta of 1.92.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.18%. Ladder Capital’s payout ratio is currently 121.05%.

Institutional Investors Weigh In On Ladder Capital

Several institutional investors have recently bought and sold shares of the company. Quest Partners LLC boosted its holdings in shares of Ladder Capital by 13,513.5% during the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 7,027 shares during the last quarter. Quarry LP boosted its position 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. Janney Montgomery Scott LLC purchased a new position in Ladder Capital in the 4th quarter valued at approximately $112,000. Algert Global LLC purchased a new position in Ladder Capital in the 2nd quarter valued at approximately $130,000. Finally, Longboard Asset Management LP purchased a new position in Ladder Capital in the 4th quarter valued at approximately $160,000. 62.25% of the stock is currently owned by institutional investors and hedge funds.

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.