Shares of Ladder Capital Corp (NASDAQ:LADR) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $15.75.
LADR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.00 price objective on shares of Ladder Capital Corp in a research report on Friday, September 22nd. Zacks Investment Research upgraded shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, BidaskClub upgraded shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research note on Friday, September 15th.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/10/16/brokerages-set-ladder-capital-corp-ladr-pt-at-15-75.html.
Ladder Capital Corp (NASDAQ LADR) traded up 0.14% during midday trading on Wednesday, reaching $13.83. The company’s stock had a trading volume of 734,194 shares. Ladder Capital Corp has a one year low of $12.14 and a one year high of $15.53. The firm has a market cap of $1.19 billion and a P/E ratio of 12.09. The firm has a 50 day moving average price of $13.63 and a 200 day moving average price of $13.88.
Ladder Capital Corp (NASDAQ:LADR) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.11. The firm had revenue of $52.10 million for the quarter, compared to analysts’ expectations of $76.60 million. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. The business’s revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. Equities research analysts forecast that Ladder Capital Corp will post $1.46 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were given a $0.30 dividend. The ex-dividend date was Friday, September 8th. This represents a $1.20 annualized dividend and a dividend yield of 8.68%.
In related news, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $13.55, for a total transaction of $27,100,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Harris purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of $13.41 per share, for a total transaction of $134,100.00. Following the completion of the transaction, the chief executive officer now directly owns 544,558 shares of the company’s stock, valued at approximately $7,302,522.78. The disclosure for this purchase can be found here.
A number of hedge funds have recently modified their holdings of LADR. BlackRock Inc. raised its stake in Ladder Capital Corp by 44.3% during the second quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock worth $95,416,000 after purchasing an additional 2,183,991 shares during the period. FMR LLC raised its stake in shares of Ladder Capital Corp by 37.6% in the 1st quarter. FMR LLC now owns 3,109,299 shares of the real estate investment trust’s stock valued at $44,899,000 after acquiring an additional 850,281 shares during the period. Vanguard Group Inc. raised its stake in shares of Ladder Capital Corp by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock valued at $76,459,000 after acquiring an additional 712,583 shares during the period. UBS Group AG raised its stake in shares of Ladder Capital Corp by 96.2% in the 1st quarter. UBS Group AG now owns 1,259,701 shares of the real estate investment trust’s stock valued at $18,190,000 after acquiring an additional 617,751 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Ladder Capital Corp in the 2nd quarter valued at approximately $6,129,000.
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).
Receive News & Ratings for Ladder Capital Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital Corp and related companies with MarketBeat.com's FREE daily email newsletter.