Brokerages Set Ladder Capital Corp (LADR) PT at $15.75

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.

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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).

Analyst Recommendations for Ladder Capital Corp (NASDAQ:LADR)

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