Shares of Ladder Capital Corp (NYSE:LADR – Get Free Report) have earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.29.
Several brokerages recently commented on LADR. Keefe, Bruyette & Woods dropped their target price on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th.
Get Our Latest Analysis on LADR
Ladder Capital Stock Performance
Ladder Capital (NYSE:LADR – Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The company had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. During the same quarter last year, the company posted $0.28 earnings per share. As a group, equities research analysts expect that Ladder Capital will post 1.06 earnings per share for the current fiscal year.
Ladder Capital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.
Hedge Funds Weigh In On Ladder Capital
Several large investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its holdings in shares of Ladder Capital by 13.4% during the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 2,011 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Ladder Capital by 5.0% during 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. Franklin Resources Inc. increased its holdings in Ladder Capital by 23.1% in the 3rd quarter. Franklin Resources Inc. now owns 418,713 shares of the real estate investment trust’s stock valued at $4,698,000 after buying an additional 78,562 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Ladder Capital by 0.3% during 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 acquiring an additional 8,178 shares during the period. Finally, Barclays PLC boosted its position in shares of Ladder Capital by 28.3% during the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust’s stock valued at $2,382,000 after acquiring an additional 45,294 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.
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.
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