Ladder Capital Corp (LADR) Receives Average Rating of “Buy” from Analysts

Ladder Capital Corp (NYSE:LADR) has received a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $17.38.

LADR has been the subject of a number of analyst reports. B. Riley reaffirmed a “buy” rating and issued a $16.00 target price on shares of Ladder Capital in a research report on Wednesday, April 18th. ValuEngine downgraded shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 18th. Zacks Investment Research downgraded shares of Ladder Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. JPMorgan Chase & Co. raised their target price on shares of Ladder Capital from $15.00 to $17.00 and gave the company a “$16.11” rating in a research report on Monday, July 23rd. Finally, Deutsche Bank raised their target price on shares of Ladder Capital from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Friday, May 4th.

In other news, President Pamela Mccormack acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was bought at an average price of $14.88 per share, with a total value of $148,800.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas Harney acquired 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was purchased at an average cost of $15.02 per share, with a total value of $52,570.00. The disclosure for this purchase can be found here. Company insiders own 12.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in LADR. Assetmark Inc. acquired a new stake in shares of Ladder Capital during the 1st quarter worth about $130,000. Kassirer Asset Management Corp acquired a new stake in Ladder Capital in the 1st quarter worth about $151,000. Private Advisor Group LLC acquired a new stake in Ladder Capital in the 2nd quarter worth about $157,000. Signition LP acquired a new stake in Ladder Capital in the 1st quarter worth about $163,000. Finally, Summit Securities Group LLC acquired a new stake in Ladder Capital in the 1st quarter worth about $166,000. 56.44% of the stock is owned by institutional investors.

Shares of NYSE:LADR traded down $0.08 during midday trading on Tuesday, reaching $16.73. 493,771 shares of the company were exchanged, compared to its average volume of 715,094. Ladder Capital has a fifty-two week low of $12.99 and a fifty-two week high of $16.90. The company has a quick ratio of 66.13, a current ratio of 66.13 and a debt-to-equity ratio of 3.11. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.07 and a beta of 0.93.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Ladder Capital had a net margin of 27.91% and a return on equity of 12.43%. The business had revenue of $83.19 million for the quarter, compared to analyst estimates of $75.40 million. research analysts expect that Ladder Capital will post 1.72 earnings per share for the current fiscal year.

Ladder Capital Company Profile

Ladder Capital Corp operates as a real estate investment trust in the United States. The company 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.

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Analyst Recommendations for Ladder Capital (NYSE:LADR)

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