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.
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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.
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