Ladder Capital (LADR) Sets New 52-Week High at $17.18
Ladder Capital Corp (NYSE:LADR) shares hit a new 52-week high during trading on Monday . The stock traded as high as $17.18 and last traded at $17.10, with a volume of 26172 shares. The stock had previously closed at $17.09.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. ValuEngine downgraded shares of Ladder Capital from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. B. Riley upped their price objective on shares of Ladder Capital from $16.00 to $17.50 and gave the stock a “buy” rating in a report on Tuesday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of Ladder Capital from $15.00 to $17.00 and gave the stock a “$16.11” rating in a report on Monday, July 23rd. Finally, JMP Securities upped their price objective on shares of Ladder Capital from $17.00 to $17.50 and gave the stock a “market outperform” rating in a report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and one has issued a strong buy rating to the company. Ladder Capital has an average rating of “Buy” and an average price target of $17.38.
The company has a current ratio of 66.13, a quick ratio of 66.13 and a debt-to-equity ratio of 3.11. The firm has a market capitalization of $1.86 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.
Institutional investors have recently modified their holdings of the business. Rhumbline Advisers raised its stake in shares of Ladder Capital by 5.8% in the 1st quarter. Rhumbline Advisers now owns 77,466 shares of the real estate investment trust’s stock valued at $1,168,000 after buying an additional 4,280 shares in the last quarter. Harvest Management LLC acquired a new position in shares of Ladder Capital in the 1st quarter valued at $302,000. Summit Securities Group LLC acquired a new position in shares of Ladder Capital in the 1st quarter valued at $166,000. SG Americas Securities LLC acquired a new position in shares of Ladder Capital in the 1st quarter valued at $187,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Ladder Capital in the 1st quarter valued at $303,000. 55.83% of the stock is owned by hedge funds and other institutional investors.
About Ladder Capital (NYSE:LADR)
Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.
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