Ladder Capital (NYSE:LADR) Stock Rating Upgraded by Wall Street Zen

Ladder Capital (NYSE:LADR) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other analysts also recently issued reports on LADR. Weiss Ratings reissued a “hold (c)” rating on shares of Ladder Capital in a research report on Monday. Zacks Research lowered Ladder Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Ladder Capital Trading Down 0.9%

Shares of LADR opened at $10.86 on Friday. Ladder Capital has a 1-year low of $9.68 and a 1-year high of $12.10. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 8.96 and a beta of 1.02. The firm has a 50 day simple moving average of $10.74 and a 200-day simple moving average of $10.94. The company has a debt-to-equity ratio of 2.01, a current ratio of 35.60 and a quick ratio of 35.60.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $57.44 million during the quarter, compared to analysts’ expectations of $62.90 million. Ladder Capital had a net margin of 19.26% and a return on equity of 6.70%. During the same period in the previous year, the company earned $0.30 EPS. Equities analysts forecast that Ladder Capital will post 1.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Ladder Capital news, Director Jeffrey B. Steiner sold 19,481 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $10.89, for a total transaction of $212,148.09. Following the transaction, the director directly owned 27,311 shares of the company’s stock, valued at $297,416.79. This represents a 41.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Ladder Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in Ladder Capital in the third quarter worth about $34,000. Vision Financial Markets LLC acquired a new position in Ladder Capital during the 3rd quarter worth $35,000. CWM LLC increased its position in Ladder Capital by 192.4% in the second quarter. CWM LLC now owns 3,798 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,499 shares during the period. Jones Financial Companies Lllp grew its position in shares of Ladder Capital by 531.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,822 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 3,217 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Ladder Capital by 128.6% in the 3rd quarter. Allworth Financial LP now owns 5,179 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 2,913 shares during the period. 62.25% of the stock is currently owned by institutional investors.

About Ladder Capital

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.