Ladder Capital Corp (NYSE: LADR) Given the average “Buy” rating by analysts
Shares of Ladder Capital Corp (NYSE: LADR) have received an average “Buy” rating from the seven rating companies that currently cover the company, reports MarketBeat.com. One equity research analyst rated the stock with a sell recommendation, four gave the company a buy recommendation, and two gave the company a strong buy recommendation. The 12-month average price target among brokers who hedged the stock in the past year is $ 11.90.
Separately, Zacks investment research upgraded Ladder Capital from a “hold” rating to a “strong buy” rating and set a price target of $ 13.00 for the company in a research report released on Saturday, August 7.
Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in Ladder Capital shares in the second quarter valued at $ 37,000. Dark Forest Capital Management LP purchased a new position in Ladder Capital shares in the 2nd quarter valued at $ 39,000. Catalyst Capital Advisors LLC increased its position in Ladder Capital by 34.3% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 4,070 shares of the REIT valued at $ 47,000 after purchasing an additional 1,040 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Ladder Capital by 18.2% during the 1st quarter. The Ohio Public Employee Retirement System now owns 8,332 shares of the REIT valued at $ 98,000 after purchasing an additional 1,281 shares in the last quarter. Finally, Keebeck Alpha LP acquired a new position in Ladder Capital during the second quarter valued at approximately $ 133,000. 55.49% of the shares are held by hedge funds and other institutional investors.
LADR open for $ 11.47 Monday. The company has a fifty-day moving average of $ 11.20 and a 200-day moving average of $ 11.48. Ladder Capital has a 52 week low of $ 6.77 and a 52 week high of $ 12.65. The company has a quick ratio of 100.81, a current ratio of 100.81, and a debt ratio of 2.62. The stock has a market cap of $ 1.45 billion, a P / E ratio of 95.59 and a beta of 2.24.
Ladder Capital (NYSE: LADR) last reported its results on Thursday, July 29. The REIT reported earnings of $ 0.10 per share for the quarter, beating the Zacks’ consensus estimate of ($ 0.01) by $ 0.11. Ladder Capital had a return on equity of 0.87% and a net margin of 4.69%. Equity analysts expect Ladder Capital to post 0.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 15. Shareholders of record on Thursday, September 30 will receive a dividend of $ 0.20. This represents an annualized dividend of $ 0.80 and a dividend yield of 6.97%. The ex-dividend date is Wednesday, September 29. Ladder Capital’s payout ratio is 258.06%.
Ladder Capital Company Profile
Ladder Capital Corp. is a holding company that provides commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate and Businesses and others. The Loans segment includes mortgages held for investment and mortgages held for sale.
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