Ladder Capital Corp (NASDAQ:LADR) Receives $15.00 Consensus PT from Analysts

Shares of Ladder Capital Corp (NASDAQ:LADR) have been given a consensus rating of “Buy” by the nine analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $15.00.

Several research analysts have recently weighed in on the stock. FBR & Co lifted their target price on shares of Ladder Capital Corp from $16.00 to $16.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 5th. Zacks Investment Research downgraded shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Ladder Capital Corp by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,989,011 shares of the real estate investment trust’s stock valued at $72,041,000 after buying an additional 156,909 shares in the last quarter. FMR LLC boosted its stake in Ladder Capital Corp by 37.6% in the first quarter. FMR LLC now owns 3,109,299 shares of the real estate investment trust’s stock valued at $44,899,000 after buying an additional 850,281 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Ladder Capital Corp by 3.6% in the first quarter. Ameriprise Financial Inc. now owns 1,358,428 shares of the real estate investment trust’s stock valued at $19,616,000 after buying an additional 47,631 shares in the last quarter. UBS Group AG boosted its stake in Ladder Capital Corp by 96.2% in the first quarter. UBS Group AG now owns 1,259,701 shares of the real estate investment trust’s stock valued at $18,190,000 after buying an additional 617,751 shares in the last quarter. Finally, Clough Capital Partners L P boosted its stake in Ladder Capital Corp by 15.1% in the first quarter. Clough Capital Partners L P now owns 1,076,178 shares of the real estate investment trust’s stock valued at $15,540,000 after buying an additional 141,516 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: This article was first published by [[site]] and is owned by of [[site]]. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at [[permalink]].

Ladder Capital Corp (LADR) traded up 0.08% during trading on Friday, reaching $13.21. 596,556 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.05 billion and a price-to-earnings ratio of 11.43. The company’s 50 day moving average price is $13.47 and its 200-day moving average price is $14.06. Ladder Capital Corp has a 52 week low of $12.14 and a 52 week high of $15.53.

Ladder Capital Corp (NASDAQ:LADR) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.11. The business had revenue of $52.10 million for the quarter, compared to the consensus estimate of $76.60 million. Ladder Capital Corp had a net margin of 22.29% and a return on equity of 5.35%. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. On average, equities analysts expect that Ladder Capital Corp will post $1.41 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Monday, June 12th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 9.08%. The ex-dividend date was Thursday, June 8th.

About Ladder Capital Corp

Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).