By otakuyassine3@gmail.com 
Ladder Capital Corp (NYSE:LADR – Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,040,000 shares, a decrease of 32.5% from the December 15th total of 1,540,000 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 687,900 shares, the short-interest ratio is currently 1.5 days.
Wall Street Analysts Forecast Growth
LADR has been the subject of a number of recent research reports. B. Riley raised Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $13.00 to $12.75 and set an “outperform” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ladder Capital has an average rating of “Buy” and an average price target of $13.29.
Get Our Latest Research Report on Ladder Capital
Institutional Investors Weigh In On Ladder Capital
Large investors have recently modified their holdings of the stock. HB Wealth Management LLC lifted its stake in Ladder Capital by 13.4% in the fourth quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 2,011 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Ladder Capital by 5.0% in the third quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock valued at $23,434,000 after buying an additional 96,573 shares during the period. Franklin Resources Inc. lifted its position in shares of Ladder Capital by 23.1% during the 3rd quarter. Franklin Resources Inc. now owns 418,713 shares of the real estate investment trust’s stock valued at $4,698,000 after buying an additional 78,562 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ladder Capital by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock worth $30,743,000 after acquiring an additional 8,178 shares during the period. Finally, Barclays PLC increased its holdings in Ladder Capital by 28.3% in the 3rd quarter. Barclays PLC now owns 205,403 shares of the real estate investment trust’s stock worth $2,382,000 after acquiring an additional 45,294 shares during the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.
Ladder Capital Stock Performance
LADR stock traded up $0.11 during midday trading on Wednesday, hitting $11.09. The company’s stock had a trading volume of 775,972 shares, compared to its average volume of 669,841. Ladder Capital has a 1 year low of $10.10 and a 1 year high of $12.48. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 14.59 and a beta of 1.92. The stock’s 50-day moving average price is $11.55 and its 200 day moving average price is $11.63. The company has a quick ratio of 54.44, a current ratio of 54.44 and a debt-to-equity ratio of 2.34.
Ladder Capital (NYSE:LADR – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. The company had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities analysts forecast that Ladder Capital will post 1.06 EPS for the current year.
Ladder Capital Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date of this dividend is Tuesday, December 31st. Ladder Capital’s dividend payout ratio is currently 121.05%.
Ladder Capital Company Profile
Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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.
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