Ladder Capital (LADR) Rating Increased to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Ladder Capital (NYSE:LADR) from a hold rating to a buy rating in a research note published on Saturday morning. The brokerage currently has $17.00 target price on the real estate investment trust’s stock.
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. “
A number of other brokerages have also commented on LADR. BidaskClub lowered shares of Ladder Capital from a hold rating to a sell rating in a report on Saturday, October 21st. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $16.00 target price on shares of Ladder Capital in a research note on Friday, September 22nd. Bank of America raised shares of Ladder Capital from a neutral rating to a buy rating in a research note on Tuesday, January 16th. ValuEngine raised shares of Ladder Capital from a buy rating to a strong-buy rating in a research note on Friday, December 1st. Finally, B. Riley reaffirmed a buy rating on shares of Ladder Capital in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $16.50.
Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Ladder Capital had a net margin of 27.38% and a return on equity of 9.78%. The firm had revenue of $69.30 million for the quarter, compared to analyst estimates of $59.05 million. During the same quarter in the prior year, the firm earned $0.40 EPS. equities analysts forecast that Ladder Capital will post 1.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Monday, December 11th were paid a dividend of $0.315 per share. This is a positive change from Ladder Capital’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, December 8th. This represents a $1.26 annualized dividend and a yield of 8.43%. Ladder Capital’s dividend payout ratio (DPR) is presently 103.28%.
A number of institutional investors have recently added to or reduced their stakes in LADR. Evercore Wealth Management LLC bought a new position in Ladder Capital during the 2nd quarter worth approximately $134,000. BNP Paribas Arbitrage SA boosted its stake in Ladder Capital by 833.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 9,106 shares during the last quarter. Commonwealth Equity Services Inc bought a new position in Ladder Capital during the 3rd quarter worth approximately $153,000. Principal Financial Group Inc. bought a new position in Ladder Capital during the 2nd quarter worth approximately $156,000. Finally, SG Americas Securities LLC boosted its stake in Ladder Capital by 61.4% during the 3rd quarter. SG Americas Securities LLC now owns 12,077 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 4,593 shares during the last quarter. 46.17% of the stock is currently owned by institutional investors and hedge funds.
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About Ladder Capital
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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