Ladder Capital (NYSE:LADR) was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating in a research note released Thursday to investors, TheStreetRatingsTable reports.
Several other research companies have also commented on the LADR. StockNews.com moved shares of Ladder Capital from a “hold” rating to a “buy” rating in a report on Friday. BTIG Research reissued a “buy” rating and set a price target of $13.50 on shares of Ladder Capital in a research report on Friday, October 29. Finally, Zacks Investment Research cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, Jan. 26. Two analysts gave the stock a sell rating, four gave the stock a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $13.13.
LADR opened at $11.54 on Thursday. The company has a quick ratio of 94.17, a current ratio of 94.17 and a leverage ratio of 2.49. The stock has a market capitalization of $1.45 billion, a price-earnings ratio of 88.78 and a beta of 2.09. Ladder Capital has a 12-month low of $10.10 and a 12-month high of $12.65. The company’s 50-day moving average price is $11.86 and its two-hundred-day moving average price is $11.63.
This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.
Take your trading to the next level with the Options Strategy Guide.
Ladder Capital (NYSE:LADR) last reported quarterly results on Thursday, February 10. The REIT reported EPS of $0.21 for the quarter, beating the Zacks consensus estimate of $0.10 by $0.11. Ladder Capital had a net margin of 5.35% and a return on equity of 0.80%. During the same quarter of the previous year, the company posted an EPS of ($0.10). As a group, sell-side analysts expect Ladder Capital to post 0.28 earnings per share for the current year.
A number of large investors have recently increased or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in shares of Ladder Capital by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 64,440 shares of the real estate investment trust worth $744,000 after acquiring an additional 4,440 shares during the period. Advisory Services Network LLC bought a new position in shares of Ladder Capital in the second quarter for a value of approximately $37,000. ProShare Advisors LLC increased its holdings of Ladder Capital shares by 4.4% in the second quarter. ProShare Advisors LLC now owns 29,486 shares of the real estate investment trust worth $340,000 after buying 1,234 additional shares in the last quarter. Vanguard Group Inc. increased its holdings of Ladder Capital shares by 2.3% in the second quarter. Vanguard Group Inc. now owns 10,624,425 shares of the real estate investment trust worth $122,606,000 after purchasing an additional 241,540 shares in the last quarter. Finally, Geode Capital Management LLC increased its equity stake in Ladder Capital by 10.0% in the second quarter. Geode Capital Management LLC now owns 2,018,973 shares of the real estate investment trust worth $23,298,000 after purchasing an additional 182,916 shares in the last quarter. Institutional investors and hedge funds hold 55.40% of the company’s shares.
Ladder Capital Company Profile
Ladder Capital Corp. is a holding company that provides commercial real estate financing services. It operates through the following segments: Lending, Securities, Real Estate, and Corporate and Other. The loans segment includes mortgages held for investment and mortgages held for sale.
Read more
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Ladder Capital right now?
Before you consider Ladder Capital, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Ladder Capital wasn’t on the list.
Although Ladder Capital currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here