Ladder Capital Corp Lowered to “Neutral” at Zacks (LADR)
Ladder Capital Corp (NASDAQ:LADR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday. They currently have a $21.00 price target on the stock. Zacks‘s price target would suggest a potential upside of 11.82% from the company’s current price.
Shares of Ladder Capital Corp (NASDAQ:LADR) traded up 0.16% during mid-day trading on Tuesday, hitting $18.8101. The stock had a trading volume of 137,331 shares. Ladder Capital Corp has a 52 week low of $16.50 and a 52 week high of $19.98. The stock’s 50-day moving average is $18.60 and its 200-day moving average is $18.16. The company has a market cap of $951.7 million and a price-to-earnings ratio of 25.01.
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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $20.54.
Ladder Capital Corp is a commercial real estate finance company with a loan origination platform and an established national footprint.
To view Zacks’ full report, visit Zacks’ official website.
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