Brokerages Set Ladder Capital Corp (NYSE:LADR) PT at $12.70

Ladder Capital Corp (NYSE:LADR) has earned an average recommendation of “Buy” from the four brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have covered the stock in the last year is $12.70.

LADR has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price objective on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a research report on Wednesday, April 10th. StockNews.com upgraded Ladder Capital from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 25th. Finally, Wolfe Research began coverage on shares of Ladder Capital in a research report on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 price objective for the company.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LADR. Boston Partners purchased a new stake in Ladder Capital during the first quarter worth $787,000. Cetera Advisors LLC lifted its stake in Ladder Capital by 12.8% in the 1st quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 3,161 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Ladder Capital by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 59,886 shares of the real estate investment trust’s stock worth $667,000 after buying an additional 4,063 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Ladder Capital by 0.3% during the first quarter. Vanguard Group Inc. now owns 11,234,757 shares of the real estate investment trust’s stock valued at $125,043,000 after acquiring an additional 28,602 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Ladder Capital by 8.5% in the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 1,602 shares during the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Stock Performance

Shares of NYSE:LADR opened at $11.29 on Tuesday. The firm has a 50 day moving average of $11.07 and a 200 day moving average of $11.05. Ladder Capital has a 52 week low of $9.08 and a 52 week high of $12.00. The company has a quick ratio of 88.41, a current ratio of 88.40 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.86 and a beta of 1.92.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.15%. The ex-dividend date is Thursday, June 27th. Ladder Capital’s payout ratio is 121.05%.

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.