The Vanguard Group, Inc. recently announced the acquisition of new stake in Ladder Capital Corp (NYSE:LADR). The institutional investor has increased its shareholding in the Real Estate company by 0.46% to 10.94 million shares with purchase of 50097.0 shares. This fresh investment now brings its stake to 8.62% valued currently at $125.87 million. In addition, Jennison Associates LLC raised its holdings by 0.2 million to 6.05 million shares. And SSgA Funds Management, Inc. has lifted its position by 1.21% or 32460.0 shares – to 2.72 million shares.
With over 0.47 million Ladder Capital Corp (LADR) shares trading Friday and a closing price of $11.28 on the day, the dollar volume was approximately $5.28 million. The shares have shown a positive half year performance of 0.89% and its price on 01/12/24 lost nearly -0.27%. Currently, there are 126.50M common shares owned by the public and among those 111.81M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for LADR have a consensus price objective of $12.04. The analysts have set the share’s price value over the next 12 months at a high of $12.75 and a low of $10.50. The average price target is 6.31% above its recent price level and a downside to the estimated low will see the stock lose -7.43% over that period. But an upside of 11.53% will see the stock hit the forecast high price target while median target price for the stock is $12.25.
Insiders at the company have transacted a total of 22 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 773,721 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 306,883 shares.
The top 3 mutual fund holders in Ladder Capital Corp are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 3.55 million shares of the company’s stock, all valued at over $40.82 million. The company bought an additional 12599.0 shares recently to bring their total holdings to about 2.79% of the shares outstanding. iShares Russell 2000 ETF sold 8514.0 shares to see its total holdings shrink to 3.22 million shares valued at over $37.04 million and representing 2.54% of the shares outstanding. Vanguard Small Cap Index Fund bought 9069.0 shares to bring its total holdings to over 2.96 million shares at a value of $34.08 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.33% of the shares outstanding.
Shares of Ladder Capital Corp (NYSE: LADR) opened at $11.46, up $0.15 from a prior closing price of $11.31. However, the script later moved the day high at 11.49, down -0.27%. The company’s stock has a 5-day price change of -0.18% and 11.35% over the past three months. LADR shares are trading -2.00% year to date (YTD), with the 12-month market performance up to 4.83% higher. It has a 12-month low price of $8.76 and touched a high of $12.00 over the same period. LADR has an average intraday trading volume of 714.93K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.22%, 1.09%, and 8.33% respectively.
Institutional ownership of Ladder Capital Corp (NYSE: LADR) shares accounts for 63.06% of the company’s 126.50M shares outstanding. Mutual fund holders own 28.08%, while other institutional holders and individual stakeholders account for 35.01% and 21.49% respectively.
It has a market capitalization of $1.43B and a beta (3y monthly) value of 1.96. The stock’s trailing 12-month PE ratio is 9.97, while the earnings-per-share (ttm) stands at $1.13. The company has a debt-to-equity ratio at 2.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.85% over the week and 2.06% over the month.
Analysts forecast that Ladder Capital Corp (LADR) will achieve an EPS of $0.29 for the current quarter, $0.29 for the next quarter and $1.21 for 2024. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.33. Comparatively, EPS for the current quarter was $0.31 a year ago. Earnings per share for the fiscal year are expected to increase by 12.59%, and -3.98% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Ladder Capital Corp (LADR) as a “Strong Buy” at a consensus score of 1.50. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the LADR, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on July 27, 2023, with the firm’s price target at $12-$12.50.
