Ladder Capital (LADR) Rating Increased to Buy at Zacks Investment Research

Ladder Capital (NYSE:LADR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm currently has a $17.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 13.41% from the company’s previous close.

According to Zacks, “Ladder Capital Corp is a commercial real estate finance company. The Company operates in three segments: Loans, Securities and Real Estate. It focused on midmarket senior secured commercial real estate first mortgage loans, investment grade-rated securities secured by first mortgage loans on commercial real estate and investing in net leased and other commercial real estate. The company also provides services of the commercial real estate industry which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York City. “

LADR has been the subject of several other reports. ValuEngine raised shares of Ladder Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.00 target price on shares of Ladder Capital in a research note on Friday, September 22nd. Bank of America raised shares of Ladder Capital from a “neutral” rating to a “buy” rating in a research note on Tuesday. BidaskClub cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Finally, B. Riley reissued a “buy” rating on shares of Ladder Capital in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Ladder Capital has an average rating of “Buy” and a consensus price target of $16.50.

Ladder Capital (NYSE LADR) opened at $14.99 on Friday. Ladder Capital has a 52 week low of $12.82 and a 52 week high of $15.23. The company has a quick ratio of 77.86, a current ratio of 77.86 and a debt-to-equity ratio of 2.86. The firm has a market cap of $1,660.00, a price-to-earnings ratio of 17.23, a P/E/G ratio of 2.13 and a beta of 1.03.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Ladder Capital had a net margin of 27.38% and a return on equity of 9.78%. The business had revenue of $69.30 million during the quarter, compared to analysts’ expectations of $59.05 million. During the same period last year, the business earned $0.40 earnings per share. research analysts anticipate that Ladder Capital will post 1.36 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Ares Management LLC boosted its position in Ladder Capital by 0.8% during the second quarter. Ares Management LLC now owns 282,460 shares of the real estate investment trust’s stock worth $3,787,000 after purchasing an additional 2,300 shares during the period. Ameriprise Financial Inc. boosted its position in Ladder Capital by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 1,362,191 shares of the real estate investment trust’s stock worth $18,268,000 after purchasing an additional 3,763 shares during the period. SG Americas Securities LLC boosted its position in Ladder Capital by 61.4% during the third quarter. SG Americas Securities LLC now owns 12,077 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 4,593 shares during the period. California Public Employees Retirement System boosted its position in Ladder Capital by 10.2% during the second quarter. California Public Employees Retirement System now owns 57,240 shares of the real estate investment trust’s stock worth $768,000 after purchasing an additional 5,300 shares during the period. Finally, Barnett & Company Inc. boosted its position in Ladder Capital by 3.8% during the third quarter. Barnett & Company Inc. now owns 153,650 shares of the real estate investment trust’s stock worth $2,117,000 after purchasing an additional 5,597 shares during the period. 46.18% of the stock is owned by hedge funds and other institutional investors.

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About Ladder Capital

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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