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

Ladder Capital Corp (NYSE:LADR) has been assigned a consensus rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.29.

A number of research firms have commented 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. B. Riley upgraded shares of Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On Ladder Capital

Hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC lifted its holdings in shares of Ladder Capital by 13,513.5% in the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 7,027 shares in the last quarter. Quarry LP lifted its stake 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 in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Ladder Capital during the 4th quarter valued at $112,000. MQS Management LLC purchased a new position in Ladder Capital during the second quarter worth $128,000. Finally, Algert Global LLC acquired a new position in shares of Ladder Capital in the second quarter worth $130,000. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Trading Up 0.4 %

NYSE LADR opened at $11.18 on Friday. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $1.43 billion, a P/E ratio of 14.71 and a beta of 1.92. Ladder Capital has a 52-week low of $10.10 and a 52-week high of $12.48. The firm has a 50-day moving average price of $11.51 and a 200 day moving average price of $11.63.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The business had revenue of $128.64 million during the quarter, compared to the consensus estimate of $60.85 million. During the same period in the prior year, the business posted $0.28 EPS. Equities research analysts expect that Ladder Capital will post 1.03 EPS for the current year.

Ladder Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.23 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 8.23%. Ladder Capital’s dividend payout ratio is presently 121.05%.

About Ladder Capital

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.