Ladder Capital (NYSE:LADR) Price Target Raised to $13.00

Ladder Capital (NYSE:LADR) had its price objective raised by Bank of America from $11.00 to $13.00 in a research note released on Monday morning, Benzinga reports. Bank of America currently has a neutral rating on the real estate investment trust’s stock.

Several other research analysts also recently weighed in on the company. Wolfe Research initiated coverage on Ladder Capital in a research note on Tuesday, June 25th. They set an outperform rating and a $13.00 target price on the stock. Keefe, Bruyette & Woods dropped their target price on Ladder Capital from $12.75 to $12.50 and set an outperform rating on the stock in a research note on Wednesday, April 10th. JMP Securities boosted their target price on Ladder Capital from $12.50 to $13.50 and gave the stock a market outperform rating in a research note on Monday, July 22nd. StockNews.com downgraded Ladder Capital from a strong-buy rating to a buy rating in a research note on Friday, July 26th. Finally, BTIG Research reaffirmed a buy rating and set a $13.50 price target on shares of Ladder Capital in a research report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $13.33.

Ladder Capital Trading Down 2.0 %

Shares of NYSE:LADR opened at $12.00 on Monday. Ladder Capital has a 12-month low of $9.08 and a 12-month high of $12.48. The business’s fifty day simple moving average is $11.37 and its 200-day simple moving average is $11.08. The company has a market capitalization of $1.52 billion, a PE ratio of 16.09 and a beta of 1.94. The company has a current ratio of 88.40, a quick ratio of 88.41 and a debt-to-equity ratio of 2.41.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Ladder Capital had a return on equity of 9.16% and a net margin of 19.07%. The business had revenue of $71.67 million for the quarter, compared to the consensus estimate of $71.22 million. During the same period last year, the business posted $0.31 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts predict that Ladder Capital will post 1.09 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.23 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 7.67%. Ladder Capital’s dividend payout ratio (DPR) is presently 121.05%.

Hedge Funds Weigh In On Ladder Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Ladder Capital in the 1st quarter valued at about $148,000. HB Wealth Management LLC lifted its holdings in shares of Ladder Capital by 7.1% in the 1st quarter. HB Wealth Management LLC now owns 15,000 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,000 shares during the period. TrueMark Investments LLC acquired a new position in shares of Ladder Capital in the 2nd quarter valued at about $174,000. Quest Partners LLC acquired a new position in shares of Ladder Capital in the 4th quarter valued at about $186,000. Finally, ProShare Advisors LLC lifted its holdings in shares of Ladder Capital by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 1,602 shares during the period. Institutional investors and hedge funds own 62.25% of the company’s stock.

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.