Ladder Capital (NYSE:LADR) Trading Up 3.7%

Ladder Capital Corp (NYSE:LADR)’s share price was up 3.7% on Thursday . The company traded as high as $10.97 and last traded at $10.89. Approximately 471,338 shares changed hands during trading, a decline of 25% from the average daily volume of 630,347 shares. The stock had previously closed at $10.50.

Analysts Set New Price Targets

A number of analysts have weighed in on LADR shares. TheStreet lowered Ladder Capital from a “b-” rating to a “c” rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods reduced their price target on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 10th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $12.63.

Ladder Capital Stock Performance

The company has a current ratio of 64.38, a quick ratio of 64.38 and a debt-to-equity ratio of 2.47. The firm has a 50-day moving average of $10.76 and a 200-day moving average of $10.85. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.96 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Ladder Capital had a return on equity of 9.70% and a net margin of 18.92%. The firm had revenue of $121.27 million for the quarter, compared to the consensus estimate of $63.22 million. During the same period in the prior year, the firm earned $0.28 EPS. As a group, sell-side analysts predict that Ladder Capital Corp will post 1.13 earnings per share for the current year.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.52%. The ex-dividend date of this dividend was Wednesday, March 27th. Ladder Capital’s dividend payout ratio is currently 113.58%.

Institutional Investors Weigh In On Ladder Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Ladder Capital by 2.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 500,543 shares of the real estate investment trust’s stock worth $5,571,000 after acquiring an additional 9,622 shares in the last quarter. Sanders Morris Harris LLC purchased a new stake in shares of Ladder Capital during the 1st quarter worth about $324,000. Vanguard Group Inc. boosted its stake in shares of Ladder Capital by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,206,155 shares of the real estate investment trust’s stock worth $128,983,000 after acquiring an additional 81,521 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Ladder Capital by 16.7% during the 4th quarter. Wellington Management Group LLP now owns 2,051,999 shares of the real estate investment trust’s stock worth $23,619,000 after acquiring an additional 293,615 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Ladder Capital by 2.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,249,770 shares of the real estate investment trust’s stock worth $37,405,000 after acquiring an additional 62,633 shares in the last quarter. 62.25% of the stock is owned by institutional investors and hedge funds.

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.