Ladder Capital’s (LADR) Buy Rating Reaffirmed at BTIG Research

BTIG Research reissued their buy rating on shares of Ladder Capital (NYSE:LADR) in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a $13.50 target price on the real estate investment trust’s stock.

Several other equities research analysts have also commented on LADR. Wolfe Research initiated coverage on Ladder Capital in a research report on Tuesday, June 25th. They issued an outperform rating and a $13.00 price objective on the stock. Keefe, Bruyette & Woods lowered their price objective 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. Finally, StockNews.com upgraded Ladder Capital from a buy rating to a strong-buy rating in a research report on Saturday, July 13th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ladder Capital currently has a consensus rating of Buy and an average target price of $13.00.

Ladder Capital Price Performance

Shares of NYSE LADR opened at $12.12 on Friday. The business’s 50 day moving average price is $11.28 and its 200 day moving average price is $11.04. The firm has a market cap of $1.53 billion, a P/E ratio of 15.95 and a beta of 1.94. Ladder Capital has a 52 week low of $9.08 and a 52 week high of $12.35. The company has a quick ratio of 88.41, a current ratio of 88.40 and a debt-to-equity ratio of 2.41.

Ladder Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.59%. The ex-dividend date of this dividend was Thursday, June 27th. Ladder Capital’s payout ratio is 121.05%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its stake in Ladder Capital by 15.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 943,885 shares of the real estate investment trust’s stock valued at $10,505,000 after purchasing an additional 123,920 shares during the last quarter. Vanguard Group Inc. raised its stake in Ladder Capital by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 11,124,634 shares of the real estate investment trust’s stock valued at $114,139,000 after purchasing an additional 49,885 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ladder Capital by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,536,199 shares of the real estate investment trust’s stock worth $17,682,000 after acquiring an additional 19,327 shares during the last quarter. Raymond James & Associates increased its stake in shares of Ladder Capital by 8.3% in the 4th quarter. Raymond James & Associates now owns 824,084 shares of the real estate investment trust’s stock worth $9,485,000 after acquiring an additional 63,299 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Ladder Capital by 16.7% in 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 during the last quarter. 62.25% of the stock is owned by institutional investors and hedge funds.

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.