Ladder Capital (NYSE:LADR) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Ladder Capital Corp (NYSE:LADR) passed below its fifty day moving average during trading on Friday . The stock has a fifty 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

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

Ladder Capital Price Performance

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

Ladder Capital (NYSE:LADR) last released its 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. The business had revenue of $128.64 million for the quarter, compared to analyst estimates 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 last year, the company posted $0.28 EPS. As a group, equities analysts expect that Ladder Capital Corp will post 1.04 EPS for the current fiscal year.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date was Tuesday, December 31st. Ladder Capital’s dividend payout ratio (DPR) is currently 121.05%.

Hedge Funds Weigh In On Ladder Capital

A number of institutional investors have recently bought and sold shares of LADR. Quest Partners LLC increased its holdings in shares of Ladder Capital by 13,513.5% during the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 7,027 shares during the last quarter. Quarry LP grew its position in Ladder Capital by 1,832.9% in the third quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 7,698 shares during the period. Janney Montgomery Scott LLC purchased a new position in Ladder Capital in the fourth quarter worth approximately $112,000. Algert Global LLC acquired a new stake in Ladder Capital during the second quarter worth $130,000. Finally, HB Wealth Management LLC lifted its stake in shares of Ladder Capital by 13.4% in the 4th 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. 62.25% of the stock is owned by hedge funds and other 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.