Ladder Capital (NYSE:LADR) Stock Rating Upgraded by Zacks Research

Ladder Capital (NYSE:LADR) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other equities research analysts have also recently weighed in on LADR. Keefe, Bruyette & Woods reduced their price objective on Ladder Capital from $11.00 to $10.75 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ladder Capital in a research report on Friday, August 7th. Finally, Bank of America reissued a “neutral” rating and set a $10.25 price objective on shares of Ladder Capital in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Ladder Capital presently has a consensus rating of “Moderate Buy” and an average price target of $12.36.

Ladder Capital Stock Up 2.1%

Shares of NYSE:LADR opened at $8.70 on Monday. The firm has a 50 day simple moving average of $9.58 and a 200-day simple moving average of $9.88. Ladder Capital has a twelve month low of $8.48 and a twelve month high of $11.48. The company has a current ratio of 44.15, a quick ratio of 44.15 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $1.10 billion, a PE ratio of 20.70, a P/E/G ratio of 0.91 and a beta of 0.98.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Ladder Capital had a net margin of 12.62% and a return on equity of 5.92%. The firm had revenue of $57.76 million for the quarter, compared to analyst estimates of $56.50 million. During the same period last year, the business earned $0.23 EPS. On average, equities analysts predict that Ladder Capital will post 0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Ladder Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC increased its holdings in Ladder Capital by 473.9% in the first quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust’s stock valued at $3,019,000 after buying an additional 255,164 shares in the last quarter. State Street Corp boosted its position in Ladder Capital by 4.5% during the second quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock worth $30,331,000 after purchasing an additional 129,665 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Ladder Capital by 80.5% in the second quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock valued at $35,623,000 after buying an additional 1,596,839 shares in the last quarter. Jupiter Topco LLC purchased a new stake in shares of Ladder Capital in the 2nd quarter worth about $543,000. Finally, FJ Capital Management LLC purchased a new position in Ladder Capital during the 4th quarter valued at about $732,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Company Profile

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital’s platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.