Ladder Capital Corp (NASDAQ:LADR) has received a consensus rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $16.17.

Several research analysts have commented on LADR shares. Zacks Investment Research raised shares of Ladder Capital Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub lowered shares of Ladder Capital Corp from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $16.00 price objective on shares of Ladder Capital Corp in a research note on Friday, August 18th.

Ladder Capital Corp (NASDAQ:LADR) opened at $13.70 on Friday. Ladder Capital Corp has a one year low of $12.82 and a one year high of $15.53.

Ladder Capital Corp (NASDAQ:LADR) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $69.30 million during the quarter, compared to analyst estimates of $59.05 million. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. During the same period in the previous year, the firm earned $0.40 earnings per share.

TRADEMARK VIOLATION NOTICE: “Ladder Capital Corp (LADR) Receives Average Recommendation of “Buy” from Analysts” was originally reported by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/ladder-capital-corp-ladr-receives-average-recommendation-of-buy-from-analysts/1679865.html.

In other news, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of Ladder Capital Corp stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $13.55, for a total transaction of $27,100,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Harris bought 10,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $13.41 per share, with a total value of $134,100.00. Following the completion of the transaction, the chief executive officer now owns 544,558 shares of the company’s stock, valued at approximately $7,302,522.78. The disclosure for this purchase can be found here.

Several large investors have recently added to or reduced their stakes in LADR. SG Americas Securities LLC bought a new stake in shares of Ladder Capital Corp during the first quarter worth $110,000. Evercore Wealth Management LLC bought a new stake in shares of Ladder Capital Corp during the second quarter worth $134,000. BNP Paribas Arbitrage SA lifted its position in shares of Ladder Capital Corp by 833.1% during the second quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 9,106 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Ladder Capital Corp by 6.7% during the first quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 649 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Ladder Capital Corp during the second quarter worth $156,000.

About Ladder Capital Corp

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).

Analyst Recommendations for Ladder Capital Corp (NASDAQ:LADR)

Receive News & Ratings for Ladder Capital Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.