Ladder Capital Corp (LADR) Receives Average Recommendation of “Buy” from Analysts
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.
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).
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