Ladder Capital Corp (NYSE:LADR) shares traded 1.46% higher at $11.09 on Wall Street last session.
In accordance with the data, 6 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 $12.00 and a low of $10.00, we find $11.75. Given the previous closing price of $10.93, this indicates a potential upside of 7.5 percent. LADR stock price is now 10.25% away from the 50-day moving average and 9.25% away from the 200-day moving average. The market capitalization of the company currently stands at $1.39B.
It has been rated a hold by 1 analysts and a buy by 5. Brokers who have rated the stock have averaged $11.25 as their price target over the next twelve months.
Insiders disposed of 306,883 shares of company stock worth roughly $3.4 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 BANK OF MONTREAL /CAN/ during the first quarter worth $5,068,000. RUGGAARD & ASSOCIATES LLC invested $747,000 in shares of LADR during the first quarter. In the first quarter, TRUIST FINANCIAL CORP acquired a new stake in Ladder Capital Corp valued at approximately $655,000. CERITY PARTNERS LLC acquired a new stake in LADR for approximately $644,000. AE WEALTH MANAGEMENT LLC purchased a new stake in LADR valued at around $617,000 in the second quarter. In total, there are 260 active investors with 61.30% ownership of the company’s stock.
Ladder Capital Corp (NYSE: LADR) opened at $10.98 on Thursday. During the past 12 months, Ladder Capital Corp has had a low of $8.50 and a high of $11.71. The fifty day moving average price for LADR is $10.10 and a two-hundred day moving average price translates $10.22 for the stock.
The latest earnings results from Ladder Capital Corp (NYSE: LADR) was released for Mar, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.38, beating analysts’ expectations of $0.3 by 0.08. This compares to $0.15 EPS in the same period last year. The net profit margin was 26.50% and return on equity was 9.60% for LADR. The company reported revenue of $43.05 million for the quarter, compared to $9.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 369.43 percent. For the current quarter, analysts expect LADR to generate $96.64M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/17/2023. Investors who held shares on 06/30/2023 were paid a $0.23 dividend. On an annualized basis, this represents a $0.92 dividend and a 8.30% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, LADR is presently at 12.80%.
Ladder Capital Corp(LADR) Company Profile
Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. 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. The company was founded in 2008 and is headquartered in New York, New York.
