Zacks Investment Research upgraded shares of Ladder Capital Corp (NASDAQ:LADR) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “Ladder Capital Corp is a commercial real estate finance company. The Company operates in three segments: Loans, Securities and Real Estate. It focused on midmarket senior secured commercial real estate first mortgage loans, investment grade-rated securities secured by first mortgage loans on commercial real estate and investing in net leased and other commercial real estate. The company also provides services of the commercial real estate industry which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York City. “
Other equities analysts have also recently issued research reports about the company. FBR & Co upped their price target on Ladder Capital Corp from $16.00 to $16.50 and gave the stock an outperform rating in a report on Wednesday, April 5th. Wells Fargo & Company raised Ladder Capital Corp from a market perform rating to an outperform rating in a report on Tuesday, March 14th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $15.00.
Ladder Capital Corp (LADR) traded down 0.46% on Wednesday, reaching $13.09. The company’s stock had a trading volume of 487,754 shares. The company has a market capitalization of $1.04 billion and a price-to-earnings ratio of 11.32. Ladder Capital Corp has a 1-year low of $12.14 and a 1-year high of $15.53. The firm’s 50 day moving average price is $14.09 and its 200-day moving average price is $14.17.
Ladder Capital Corp (NASDAQ:LADR) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $56.52 million during the quarter, compared to analysts’ expectations of $59.44 million. Ladder Capital Corp had a return on equity of 5.35% and a net margin of 22.29%. During the same quarter in the prior year, the firm posted $0.38 EPS. Equities analysts forecast that Ladder Capital Corp will post $1.46 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Monday, June 12th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, June 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.17%.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of 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 worth $72,041,000 after buying an additional 156,909 shares during the last quarter. FMR LLC boosted its position in shares of 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 worth $44,899,000 after buying an additional 850,281 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of 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 worth $19,616,000 after buying an additional 47,631 shares during the last quarter. UBS Group AG boosted its position in shares of 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 worth $18,190,000 after buying an additional 617,751 shares during the last quarter. Finally, Clough Capital Partners L P boosted its position in shares of 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 worth $15,540,000 after buying an additional 141,516 shares during the last quarter.
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).
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