Ladder Capital Corp (NYSE:LADR) shares traded -4.15% lower at $10.39 on Wall Street last session.
In accordance with the data, 5 analysts cover Ladder Capital Corp (NYSE:LADR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.50 and a low of $11.50, we find $12.50. Given the previous closing price of $10.84, this indicates a potential upside of 15.31 percent. LADR stock price is now -5.21% away from the 50-day moving average and -3.87% away from the 200-day moving average. The market capitalization of the company currently stands at $1.30B.
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It has been rated a hold by 1 analysts and a buy by 4. Brokers who have rated the stock have averaged $12.60 as their price target over the next twelve months.
, while ‘JP Morgan’ rates the stock as ‘Underweight’.
In other news, McCormack Pamela, President sold 40,000 shares of the company’s stock on Apr 14. The stock was sold for $496,800 at an average price of $12.42. Upon completion of the transaction, the President now directly owns 713,209 shares in the company, valued at $7.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 14, Chief Executive Officer Harris Brian sold 30,000 shares of the business’s stock. A total of $376,200 was realized by selling the stock at an average price of $12.54. This leaves the insider owning 1,058,482 shares of the company worth $11.0 million. Insiders disposed of 224,557 shares of company stock worth roughly $2.33 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LADR stock. A new stake in Ladder Capital Corp shares was purchased by LSV ASSET MANAGEMENT during the first quarter worth $4,907,000. BANK OF MONTREAL /CAN/ invested $4,748,000 in shares of LADR during the first quarter. In the first quarter, ZACKS INVESTMENT MANAGEMENT acquired a new stake in Ladder Capital Corp valued at approximately $996,000. ZIEGLER CAPITAL MANAGEMENT, LLC acquired a new stake in LADR for approximately $892,000. PALOGIC VALUE MANAGEMENT, L.P. purchased a new stake in LADR valued at around $721,000 in the second quarter. In total, there are 248 active investors with 61.30% ownership of the company’s stock.
Ladder Capital Corp (NYSE: LADR) opened at $10.85 on Thursday. During the past 12 months, Ladder Capital Corp has had a low of $8.67 and a high of $12.69. The fifty day moving average price for LADR is $10.96 and a two-hundred day moving average price translates $10.81 for the stock.
The latest earnings results from Ladder Capital Corp (NYSE: LADR) was released for Dec, 2022. According to the REIT – Mortgage Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.29 by 0.02. This compares to $0.22 EPS in the same period last year. The net profit margin was 26.10% and return on equity was 9.40% for LADR. The company reported revenue of $37.3 million for the quarter, compared to $10.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 252.22 percent. For the current quarter, analysts expect LADR to generate $87.24M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/17/2023. Investors who held shares on 12/31/2022 were paid a $0.23 dividend. On an annualized basis, this represents a $0.92 dividend and a 8.85% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, LADR is presently at 74.30%.
Ladder Capital Corp(LADR) Company Profile
The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning. It also invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products related to commercial real estate. The Securities segment invests in commercial mortgage-backed securities and the U.S. Agency Securities. This segment also invests in corporate bonds and equity securities. The Real Estate segment owns and invests in a portfolio of commercial and residential real estate properties, such as leased properties, office buildings, student housing portfolios, hotels, industrial buildings, shopping center, and condominium units. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Ladder Capital Corp was founded in 2008 and is headquartered in New York, New York.
