Key Points:
- Ladder Capital (LADR, Financial) maintains its quarterly dividend, yielding 8.52% for investors.
- Fitch upgrades Ladder Capital's IDRs to investment grade, forecasting a stable outlook.
- Analysts predict an average target price of $12.75 for LADR, indicating potential upside.
Ladder Capital (LADR) has recently confirmed its quarterly dividend distribution of $0.23 per share, consistent with past payments and providing a forward yield of 8.52%. The dividend will be disbursed on July 15 to those recorded as shareholders by June 30, with the ex-dividend date also set for June 30. In a noteworthy development, Fitch has upgraded the company's Issuer Default Ratings (IDRs) to investment grade, affirming a stable outlook for the company's future.
Analyst Predictions and Price Targets
Insights gathered from six analysts suggest that the average target price for Ladder Capital Corp (LADR, Financial) is $12.75. This projection includes a high estimate of $14.00 and a low estimate of $11.50. The average target price reflects a potential upside of 18.06% from the current trading level of $10.80. Investors looking for more detailed predictions can visit the Ladder Capital Corp (LADR) Forecast page.
Brokerage Recommendations and GF Value Estimate
According to recommendations from five brokerage firms, Ladder Capital Corp's (LADR, Financial) average brokerage recommendation stands at 2.0, classifying the stock as "Outperform." This rating scale ranges from 1 to 5, where 1 is a Strong Buy and 5 is a Sell.
Further, based on GuruFocus estimates, the projected GF Value for Ladder Capital Corp (LADR, Financial) over the next year is $11.04. This estimation implies a modest upside of 2.22% from the current market price of $10.80. The GF Value represents GuruFocus' calculation of the stock's fair trading value, derived from historical trading multiples, past business growth, and future performance projections. For a comprehensive overview, refer to the Ladder Capital Corp (LADR) Summary page.
