Ladder Capital (NYSE:LADR) Stock Rating Upgraded by Wall Street Zen

Ladder Capital (NYSE:LADR) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts have also recently issued reports about the stock. Zacks Research cut shares of Ladder Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Ladder Capital in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Ladder Capital Price Performance

Shares of NYSE LADR opened at $10.86 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 35.60 and a quick ratio of 35.60. The business has a 50-day moving average of $10.74 and a 200-day moving average of $10.95. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 8.89 and a beta of 1.02. Ladder Capital has a fifty-two week low of $9.68 and a fifty-two week high of $12.10.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $57.44 million during the quarter, compared to analysts’ expectations of $62.90 million. Ladder Capital had a return on equity of 6.70% and a net margin of 19.26%.During the same period in the prior year, the firm posted $0.30 earnings per share. As a group, sell-side analysts predict that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jeffrey B. Steiner sold 19,481 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $10.89, for a total transaction of $212,148.09. Following the completion of the sale, the director owned 27,311 shares in the company, valued at $297,416.79. The trade was a 41.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Ladder Capital

Institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in Ladder Capital by 46.1% during the 1st quarter. LPL Financial LLC now owns 283,407 shares of the real estate investment trust’s stock worth $3,234,000 after buying an additional 89,413 shares during the period. Mackenzie Financial Corp increased its position in Ladder Capital by 7.6% during the first quarter. Mackenzie Financial Corp now owns 20,785 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 1,473 shares during the period. Vanguard Group Inc. raised its stake in Ladder Capital by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 11,367,771 shares of the real estate investment trust’s stock worth $129,706,000 after purchasing an additional 42,255 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Ladder Capital by 366.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,730 shares of the real estate investment trust’s stock worth $704,000 after purchasing an additional 48,498 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Ladder Capital in the 1st quarter valued at about $22,261,000. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Company Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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.