Ladder Capital Corp (LADR) Rating Increased to Hold at Zacks Investment Research
Ladder Capital Corp (NASDAQ:LADR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Ladder Capital Corp is a commercial real estate finance company. The Company operates in three segments: Loans, Securities and Real Estate. It focused on midmarket senior secured commercial real estate first mortgage loans, investment grade-rated securities secured by first mortgage loans on commercial real estate and investing in net leased and other commercial real estate. The company also provides services of the commercial real estate industry which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York City. “
Several other equities research analysts have also issued reports on LADR. BidaskClub upgraded shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 target price on shares of Ladder Capital Corp in a research report on Friday, August 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $15.67.
Ladder Capital Corp (NASDAQ:LADR) opened at 13.65 on Tuesday. The firm has a market capitalization of $1.17 billion and a PE ratio of 11.93. The company’s 50-day moving average is $13.52 and its 200-day moving average is $13.96. Ladder Capital Corp has a 52-week low of $12.14 and a 52-week high of $15.53.
Ladder Capital Corp (NASDAQ:LADR) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.11. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. The business had revenue of $52.10 million during the quarter, compared to analyst estimates of $76.60 million. During the same period in the previous year, the business posted $0.32 earnings per share. Ladder Capital Corp’s revenue for the quarter was up 32.9% on a year-over-year basis. Analysts forecast that Ladder Capital Corp will post $1.46 EPS for the current fiscal year.
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In other Ladder Capital Corp news, CEO Brian Harris acquired 10,000 shares of the stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $13.41 per share, for a total transaction of $134,100.00. Following the acquisition, the chief executive officer now owns 544,558 shares in the company, valued at approximately $7,302,522.78. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Several institutional investors and hedge funds have recently made changes to their positions in the company. WFG Advisors LP lifted its holdings in shares of Ladder Capital Corp by 48.7% in the 2nd quarter. WFG Advisors LP now owns 48,443 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 15,855 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Ladder Capital Corp by 45.8% in the 2nd quarter. California State Teachers Retirement System now owns 125,052 shares of the real estate investment trust’s stock worth $1,677,000 after acquiring an additional 39,300 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ladder Capital Corp by 63.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,860 shares of the real estate investment trust’s stock worth $763,000 after acquiring an additional 22,123 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Ladder Capital Corp by 111.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 50,056 shares of the real estate investment trust’s stock worth $671,000 after acquiring an additional 26,398 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Ladder Capital Corp by 50.6% in the 2nd quarter. State Street Corp now owns 1,209,568 shares of the real estate investment trust’s stock worth $16,219,000 after acquiring an additional 406,141 shares during the last quarter.
Ladder Capital Corp Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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