Ladder Capital (NYSE:LADR – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.
A number of other research analysts have also weighed in on LADR. Wolfe Research began coverage on shares of Ladder Capital in a research note on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 target price on the stock. BTIG Research reissued a “buy” rating and issued a $13.50 target price on shares of Ladder Capital in a research note on Friday, July 19th. JMP Securities raised their target price on shares of Ladder Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 10th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Ladder Capital presently has a consensus rating of “Buy” and an average price target of $13.00.
Ladder Capital Price Performance
Ladder Capital stock traded up $0.06 during midday trading on Friday, reaching $12.20. The company had a trading volume of 518,707 shares, compared to its average volume of 595,939. The company has a market capitalization of $1.54 billion, a P/E ratio of 16.05 and a beta of 1.94. Ladder Capital has a 12-month low of $9.08 and a 12-month high of $12.48. The firm’s fifty day simple moving average is $11.33 and its 200-day simple moving average is $11.06. The company has a debt-to-equity ratio of 2.41, a current ratio of 88.40 and a quick ratio of 88.41.
Institutional Trading of Ladder Capital
Several institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC increased its holdings in Ladder Capital by 7.2% in the 4th quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 935 shares during the last quarter. Access Investment Management LLC grew its stake in shares of Ladder Capital by 0.5% in the second quarter. Access Investment Management LLC now owns 276,678 shares of the real estate investment trust’s stock worth $3,124,000 after acquiring an additional 1,355 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Ladder Capital by 8.5% in the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 1,602 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Ladder Capital by 2.1% in the fourth quarter. Federated Hermes Inc. now owns 135,375 shares of the real estate investment trust’s stock worth $1,558,000 after acquiring an additional 2,758 shares in the last quarter. Finally, Cetera Advisors LLC grew its stake in shares of Ladder Capital by 12.8% in the first quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 3,161 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.
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.