Ladder Capital Corp (NASDAQ:LADR) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other research firms have also recently commented on LADR. Zacks Investment Research upgraded Ladder Capital Corp from a “sell” rating to a “hold” rating in a research note on Tuesday. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 target price on shares of Ladder Capital Corp in a research note on Friday, August 18th. 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 an average rating of “Buy” and an average price target of $15.67.

Ladder Capital Corp (LADR) traded up 1.04% during mid-day trading on Friday, reaching $13.56. 2,243,120 shares of the company’s stock were exchanged. The company has a market capitalization of $1.17 billion and a P/E ratio of 11.85. Ladder Capital Corp has a 52 week low of $12.14 and a 52 week high of $15.53. The company’s 50 day moving average price is $13.49 and its 200-day moving average price is $13.98.

Ladder Capital Corp (NASDAQ:LADR) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.11. The company had revenue of $52.10 million during the quarter, compared to analysts’ expectations of $76.60 million. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The business’s revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. On average, equities research analysts expect that Ladder Capital Corp will post $1.46 earnings per share for the current fiscal year.

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In other news, CEO Brian Harris purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of $13.41 per share, with a total value of $134,100.00. Following the transaction, the chief executive officer now owns 544,558 shares in the company, valued at approximately $7,302,522.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several hedge funds have recently bought and sold shares of LADR. Teachers Advisors LLC raised its position in shares of Ladder Capital Corp by 8.1% during the 4th quarter. Teachers Advisors LLC now owns 63,848 shares of the real estate investment trust’s stock valued at $876,000 after acquiring an additional 4,761 shares in the last quarter. Strs Ohio raised its position in shares of Ladder Capital Corp by 0.8% during the 1st quarter. Strs Ohio now owns 12,393 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 93 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Ladder Capital Corp by 0.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 75 shares in the last quarter. First Trust Advisors LP raised its position in shares of Ladder Capital Corp by 92.8% during the 1st quarter. First Trust Advisors LP now owns 82,457 shares of the real estate investment trust’s stock valued at $1,191,000 after acquiring an additional 39,688 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Ladder Capital Corp by 26.5% during the 1st quarter. Bank of New York Mellon Corp now owns 231,823 shares of the real estate investment trust’s stock valued at $3,348,000 after acquiring an additional 48,524 shares in the last quarter.

About Ladder Capital Corp

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).

Analyst Recommendations for Ladder Capital Corp (NASDAQ:LADR)

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