Ladder Capital Corp Sets New 1-Year High at $19.81 (LADR)
Ladder Capital Corp (NASDAQ:LADR)’s share price reached a new 52-week high during mid-day trading on Thursday , Analyst Ratings.Net reports. The stock traded as high as $19.81 and last traded at $19.69, with a volume of 42,259 shares changing hands. The stock had previously closed at $19.48.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Ladder Capital Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a $20.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ladder Capital Corp in a research note on Thursday, May 8th. They now have a $21.75 price target on the stock, down previously from $22.25. Finally, analysts at JMP Securities raised their price target on shares of Ladder Capital Corp from $20.00 to $21.00 in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $20.39.
The stock has a 50-day moving average of $17.79 and a 200-day moving average of $17.93. The company has a market cap of $1.946 billion and a price-to-earnings ratio of 50.86.
Ladder Capital Corp is a commercial real estate finance company with a loan origination platform and an established national footprint.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.