Ladder Capital (NYSE:LADR) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of Ladder Capital Corp (NYSE:LADR) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.45 and traded as low as $11.01. Ladder Capital shares last traded at $11.07, with a volume of 327,283 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on LADR. B. Riley raised shares of Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $13.29.

Ladder Capital Price Performance

The firm has a 50-day moving average of $11.45 and a 200-day moving average of $11.62. The stock has a market cap of $1.41 billion, a PE ratio of 14.56 and a beta of 1.92. The company has a debt-to-equity ratio of 2.34, a current ratio of 54.44 and a quick ratio of 54.44.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $128.64 million for the quarter, compared to the consensus estimate of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same period in the previous year, the firm posted $0.28 EPS. Research analysts predict that Ladder Capital Corp will post 1.04 EPS for the current year.

Ladder Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.31%. The ex-dividend date of this dividend was Tuesday, December 31st. Ladder Capital’s dividend payout ratio is 121.05%.

Hedge Funds Weigh In On Ladder Capital

Large investors have recently made changes to their positions in the company. Quest Partners LLC increased its holdings in shares of Ladder Capital by 13,513.5% in the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 7,027 shares during the period. Quarry LP lifted its position in shares of Ladder Capital by 1,832.9% during the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 7,698 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Ladder Capital in the 4th quarter worth approximately $112,000. Algert Global LLC purchased a new stake in Ladder Capital during the second quarter valued at approximately $130,000. Finally, HB Wealth Management LLC grew its holdings 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 worth $191,000 after purchasing an additional 2,011 shares during the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

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.