Ladder Capital Target of Unusually Large Options Trading (NYSE:LADR)

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Ladder Capital Corp (NYSE:LADR) was the recipient of some unusual options trading on Thursday. Stock traders bought 5,847 call options on the stock. This represents an increase of approximately 6,325% compared to the average daily volume of 91 call options.

LADR stock traded up $3.62 during trading on Thursday, hitting $7.33. 1,332,076 shares of the company traded hands, compared to its average volume of 2,499,673. The firm has a market capitalization of $568.61 million, a PE ratio of 6.21 and a beta of 1.13. Ladder Capital has a 1 year low of $2.65 and a 1 year high of $18.97. The company has a 50-day moving average of $14.42 and a 200-day moving average of $16.74. The company has a debt-to-equity ratio of 2.97, a quick ratio of 51.60 and a current ratio of 51.60.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, February 27th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. Ladder Capital had a return on equity of 10.24% and a net margin of 25.24%. The company had revenue of $86.46 million for the quarter, compared to the consensus estimate of $77.31 million. During the same period in the previous year, the business earned $0.45 earnings per share. Sell-side analysts expect that Ladder Capital will post 1.34 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be issued a $0.34 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.36 annualized dividend and a dividend yield of 18.55%. Ladder Capital’s dividend payout ratio (DPR) is 93.79%.

Several hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in Ladder Capital during the fourth quarter worth approximately $22,971,000. Victory Capital Management Inc. boosted its position in shares of Ladder Capital by 1,196.6% during the fourth quarter. Victory Capital Management Inc. now owns 891,136 shares of the real estate investment trust’s stock valued at $16,352,000 after buying an additional 822,407 shares during the period. Colony Capital Inc. purchased a new position in shares of Ladder Capital during the fourth quarter valued at approximately $5,861,000. Advisors Capital Management LLC boosted its position in shares of Ladder Capital by 24.7% during the fourth quarter. Advisors Capital Management LLC now owns 1,270,309 shares of the real estate investment trust’s stock valued at $22,916,000 after buying an additional 251,635 shares during the period. Finally, Capital Square LLC purchased a new position in shares of Ladder Capital during the fourth quarter valued at approximately $3,388,000. 53.03% of the stock is currently owned by hedge funds and other institutional investors.

LADR has been the topic of several analyst reports. Compass Point initiated coverage on Ladder Capital in a research report on Monday, December 2nd. They set a “buy” rating and a $19.10 target price on the stock. Deutsche Bank upgraded Ladder Capital from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Monday, March 2nd. Zacks Investment Research lowered Ladder Capital from a “hold” rating to a “strong sell” rating in a research note on Friday, January 24th. Finally, TheStreet lowered Ladder Capital from a “b-” rating to a “c” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.20.

Ladder Capital Company Profile

Ladder Capital Corp operates as a real estate investment trust in the United States. The company 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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