Ladder Capital Corp (NYSE:LADR) has been given an average rating of “Hold” by the six analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.30.
A number of equities analysts recently commented on LADR shares. Zacks Investment Research cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. Compass Point initiated coverage on shares of Ladder Capital in a research report on Monday, December 2nd. They issued a “buy” rating and a $19.10 price objective on the stock.
A number of institutional investors and hedge funds have recently bought and sold shares of LADR. BlackRock Inc. increased its stake in Ladder Capital by 4.1% in the second quarter. BlackRock Inc. now owns 8,895,857 shares of the real estate investment trust’s stock worth $147,761,000 after purchasing an additional 350,022 shares during the period. Vanguard Group Inc. boosted its stake in shares of Ladder Capital by 2.1% during the second quarter. Vanguard Group Inc. now owns 8,509,095 shares of the real estate investment trust’s stock valued at $141,336,000 after purchasing an additional 173,183 shares during the period. UBS Group AG grew its holdings in shares of Ladder Capital by 8.8% in the second quarter. UBS Group AG now owns 2,959,648 shares of the real estate investment trust’s stock worth $49,160,000 after purchasing an additional 238,661 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Ladder Capital by 37.5% in the second quarter. Nuveen Asset Management LLC now owns 2,560,083 shares of the real estate investment trust’s stock worth $42,523,000 after purchasing an additional 697,548 shares during the last quarter. Finally, State Street Corp increased its stake in Ladder Capital by 2.7% in the 3rd quarter. State Street Corp now owns 2,277,116 shares of the real estate investment trust’s stock worth $40,068,000 after buying an additional 59,127 shares during the period. Institutional investors own 50.15% of the company’s stock.
Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). Ladder Capital had a net margin of 22.51% and a return on equity of 10.58%. The firm had revenue of $69.05 million for the quarter, compared to the consensus estimate of $72.31 million. During the same quarter last year, the firm earned $0.59 EPS. The company’s revenue was down 44.7% on a year-over-year basis. As a group, equities research analysts expect that Ladder Capital will post 1.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 10th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend is Monday, December 9th. Ladder Capital’s dividend payout ratio is currently 69.74%.
About Ladder Capital
Ladder Capital Corp operates as a real estate investment trust in the United States. The company 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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