Ladder Capital (NYSE:LADR) Shares Gap Up to $11.84

Ladder Capital Corp (NYSE:LADR) gapped up before the market opened on Thursday . The stock had previously closed at $11.84, but opened at $12.24. Ladder Capital shares last traded at $12.17, with a volume of 20,796 shares trading hands.

Wall Street Analyst Weigh In

LADR has been the topic of several research analyst reports. StockNews.com upgraded shares of Ladder Capital from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 13th. BTIG Research reiterated a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a research report on Friday, July 19th. Wolfe Research initiated coverage on shares of Ladder Capital in a research report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 price target on the stock. JMP Securities boosted their price target on shares of Ladder Capital from $12.50 to $13.50 and gave the company a “market outperform” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 10th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ladder Capital currently has an average rating of “Buy” and an average target price of $13.00.

Ladder Capital Trading Up 2.8 %

The company has a debt-to-equity ratio of 2.41, a current ratio of 88.40 and a quick ratio of 88.41. The company has a market cap of $1.54 billion, a P/E ratio of 15.57 and a beta of 1.94. The stock’s 50-day moving average is $11.31 and its two-hundred day moving average is $11.05.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.92 annualized dividend and a yield of 7.56%. Ladder Capital’s payout ratio is presently 121.05%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its position in Ladder Capital by 15.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 943,885 shares of the real estate investment trust’s stock worth $10,505,000 after acquiring an additional 123,920 shares during the period. Vanguard Group Inc. increased its stake in shares of Ladder Capital by 0.5% in the third quarter. Vanguard Group Inc. now owns 11,124,634 shares of the real estate investment trust’s stock worth $114,139,000 after purchasing an additional 49,885 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ladder Capital by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,536,199 shares of the real estate investment trust’s stock worth $17,682,000 after purchasing an additional 19,327 shares in the last quarter. Raymond James & Associates increased its stake in shares of Ladder Capital by 8.3% in the fourth quarter. Raymond James & Associates now owns 824,084 shares of the real estate investment trust’s stock worth $9,485,000 after purchasing an additional 63,299 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Ladder Capital by 16.7% in the fourth quarter. Wellington Management Group LLP now owns 2,051,999 shares of the real estate investment trust’s stock worth $23,619,000 after purchasing an additional 293,615 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors.

About Ladder Capital

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.