Shares of Ladder Capital Corp (NASDAQ:LADR) have been assigned a consensus broker rating score of 1.67 (Buy) from the six brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a strong buy recommendation on the company. Ladder Capital Corp’s rating score has improved by 7.2% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokers have set a one year consensus price target of $15.00 for the company and are forecasting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Ladder Capital Corp an industry rank of 104 out of 265 based on the ratings given to its competitors.
A number of analysts have weighed in on LADR shares. JMP Securities reissued a “buy” rating on shares of Ladder Capital Corp in a report on Thursday, July 14th. Zacks Investment Research raised shares of Ladder Capital Corp from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Citigroup Inc. lifted their target price on shares of Ladder Capital Corp from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, August 10th.
Ladder Capital Corp (NASDAQ:LADR) traded down 1.97% during trading on Thursday, hitting $12.41. 111,922 shares of the company were exchanged. Ladder Capital Corp has a 12 month low of $8.64 and a 12 month high of $15.27. The stock’s 50-day moving average is $13.16 and its 200-day moving average is $12.51. The company’s market capitalization is $791.63 million.
Ladder Capital Corp (NASDAQ:LADR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.03. During the same period in the prior year, the business earned $0.51 EPS. Equities research analysts anticipate that Ladder Capital Corp will post $1.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 12th were issued a $0.275 dividend. The ex-dividend date was Thursday, September 8th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 8.69%.
Several institutional investors have recently made changes to their positions in the stock. Paloma Partners Management Co acquired a new position in shares of Ladder Capital Corp during the second quarter worth approximately $143,000. BlackRock Inc. boosted its position in shares of Ladder Capital Corp by 275.8% in the second quarter. BlackRock Inc. now owns 13,028 shares of the company’s stock worth $159,000 after buying an additional 9,561 shares during the last quarter. Clinton Group Inc. acquired a new position in shares of Ladder Capital Corp during the second quarter worth approximately $283,000. Royal Bank of Canada boosted its position in shares of Ladder Capital Corp by 54.1% in the second quarter. Royal Bank of Canada now owns 32,402 shares of the company’s stock worth $395,000 after buying an additional 11,379 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Ladder Capital Corp by 27.5% in the second quarter. Parametric Portfolio Associates LLC now owns 35,769 shares of the company’s stock worth $436,000 after buying an additional 7,724 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 and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment comprises all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities.
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