Ladder Capital Corp (NYSE:LADR) has been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.25.
A number of research analysts recently issued reports on LADR shares. BidaskClub cut Ladder Capital from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. B. Riley reissued a “buy” rating on shares of Ladder Capital in a report on Friday, November 3rd. Zacks Investment Research cut Ladder Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. ValuEngine raised Ladder Capital from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, Bank of America raised Ladder Capital from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th.
Ladder Capital (NYSE LADR) opened at $14.43 on Tuesday. The company has a quick ratio of 77.86, a current ratio of 77.86 and a debt-to-equity ratio of 2.86. Ladder Capital has a twelve month low of $12.82 and a twelve month high of $15.23. The stock has a market capitalization of $1,600.00, a PE ratio of 16.59, a P/E/G ratio of 2.04 and a beta of 1.04.
A number of large investors have recently made changes to their positions in LADR. BlackRock Inc. raised its holdings in Ladder Capital by 44.3% during the 2nd quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock worth $95,416,000 after purchasing an additional 2,183,991 shares during the last quarter. Vanguard Group Inc. raised its holdings in Ladder Capital by 14.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock worth $76,459,000 after purchasing an additional 712,583 shares during the last quarter. Boston Partners bought a new stake in Ladder Capital during the 3rd quarter worth about $8,944,000. Prudential Financial Inc. increased its stake in shares of Ladder Capital by 150.9% in the 3rd quarter. Prudential Financial Inc. now owns 677,531 shares of the real estate investment trust’s stock valued at $9,336,000 after acquiring an additional 407,530 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Ladder Capital by 50.6% in the 2nd quarter. State Street Corp now owns 1,209,568 shares of the real estate investment trust’s stock valued at $16,219,000 after acquiring an additional 406,141 shares during the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.
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Ladder Capital Company Profile
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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