BidaskClub upgraded shares of Ladder Capital Corp (NASDAQ:LADR) from a sell rating to a hold rating in a research report sent to investors on Friday morning.
Several other analysts also recently weighed in on LADR. Zacks Investment Research upgraded shares of Ladder Capital Corp from a sell rating to a hold rating in a report on Tuesday, May 30th. Keefe, Bruyette & Woods reiterated a buy rating and issued a $16.00 target price on shares of Ladder Capital Corp in a report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $15.67.
Ladder Capital Corp (NASDAQ LADR) opened at 13.56 on Friday. The company has a market cap of $1.17 billion and a PE ratio of 11.85. Ladder Capital Corp has a 52 week low of $12.14 and a 52 week high of $15.53. The company has a 50-day moving average price of $13.49 and a 200 day moving average price of $13.98.
Ladder Capital Corp (NASDAQ:LADR) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.11. The firm had revenue of $52.10 million for the quarter, compared to analyst estimates of $76.60 million. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS. On average, equities research analysts forecast that Ladder Capital Corp will post $1.46 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be issued a $0.30 dividend. The ex-dividend date is Friday, September 8th. This represents a $1.20 annualized dividend and a yield of 8.85%.
In related news, CEO Brian Harris bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $13.41 per share, for a total transaction of $134,100.00. Following the acquisition, the chief executive officer now owns 544,558 shares of the company’s stock, valued at $7,302,522.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp acquired a new stake in Ladder Capital Corp in the 1st quarter valued at approximately $1,449,000. SG Americas Securities LLC acquired a new stake in Ladder Capital Corp in the 1st quarter valued at approximately $110,000. Dynamic Technology Lab Private Ltd acquired a new stake in Ladder Capital Corp in the 1st quarter valued at approximately $368,000. Advantus Capital Management Inc increased its holdings in Ladder Capital Corp by 46.7% in the 1st quarter. Advantus Capital Management Inc now owns 71,287 shares of the real estate investment trust’s stock valued at $1,029,000 after purchasing an additional 22,687 shares during the last quarter. Finally, Marathon Asset Management LP increased its holdings in Ladder Capital Corp by 40.5% in the 1st quarter. Marathon Asset Management LP now owns 283,064 shares of the real estate investment trust’s stock valued at $4,087,000 after purchasing an additional 81,589 shares during the last quarter.
About Ladder Capital Corp
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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