Ladder Capital (LADR) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Ladder Capital (NYSE:LADR) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, Zacks.com reports.

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 topic of several other reports. Deutsche Bank cut shares of Ladder Capital from a buy rating to a hold rating in a research report on Friday, March 1st. They noted that the move was a valuation call. ValuEngine raised shares of Ladder Capital from a hold rating to a buy rating in a research report on Monday, February 25th. Finally, TheStreet raised shares of Ladder Capital from a c rating to a b rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $18.10.

Shares of NYSE LADR opened at $16.44 on Thursday. The firm has a market capitalization of $1.98 billion, a P/E ratio of 8.43 and a beta of 0.94. The company has a debt-to-equity ratio of 2.71, a current ratio of 43.78 and a quick ratio of 43.78. Ladder Capital has a 1-year low of $14.75 and a 1-year high of $18.82.

Ladder Capital (NYSE:LADR) last announced its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. The firm had revenue of $68.37 million during the quarter, compared to analyst estimates of $78.38 million. Ladder Capital had a net margin of 27.90% and a return on equity of 12.40%. During the same period in the prior year, the business earned $0.55 EPS. Sell-side analysts expect that Ladder Capital will post 1.63 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Ladder Capital by 3.6% in the 4th quarter. BlackRock Inc. now owns 9,123,357 shares of the real estate investment trust’s stock valued at $141,137,000 after purchasing an additional 320,577 shares during the period. Vanguard Group Inc raised its holdings in shares of Ladder Capital by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 7,784,024 shares of the real estate investment trust’s stock valued at $131,861,000 after purchasing an additional 145,880 shares during the period. Vanguard Group Inc. raised its holdings in shares of Ladder Capital by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,784,024 shares of the real estate investment trust’s stock valued at $131,861,000 after purchasing an additional 145,880 shares during the period. LSV Asset Management raised its holdings in shares of Ladder Capital by 6.6% in the 1st quarter. LSV Asset Management now owns 3,014,423 shares of the real estate investment trust’s stock valued at $51,305,000 after purchasing an additional 186,676 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of Ladder Capital by 1,123.9% in the 1st quarter. Raymond James & Associates now owns 2,328,135 shares of the real estate investment trust’s stock valued at $39,625,000 after purchasing an additional 2,137,915 shares during the period. 52.72% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: How to interpret Moving Average Convergence Divergence (MACD)

Get a free copy of the Zacks research report on Ladder Capital (LADR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ladder Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ladder Capital and related companies with MarketBeat.com's FREE daily email newsletter.