Ladder Capital Corp (LADR) Receives Buy Rating from JMP Securities
Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. restated a buy rating and issued a $14.50 price target on shares of Ladder Capital Corp in a research note on Friday, November 4th. Zacks Investment Research upgraded Ladder Capital Corp from a sell rating to a hold rating in a research note on Tuesday, September 13th. Finally, Citigroup Inc. raised their price target on Ladder Capital Corp from $12.00 to $13.00 and gave the company a neutral rating in a research note on Wednesday, August 10th.
Shares of Ladder Capital Corp (NASDAQ:LADR) traded up 1.20% on Wednesday, hitting $14.36. The stock had a trading volume of 121,016 shares. The company has a market cap of $936.27 million and a PE ratio of 16.60. Ladder Capital Corp has a 52 week low of $8.64 and a 52 week high of $14.40. The stock’s 50-day moving average price is $12.86 and its 200 day moving average price is $12.69.
Ladder Capital Corp (NASDAQ:LADR) last announced its earnings results on Thursday, November 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. During the same period last year, the business posted $0.40 earnings per share. On average, analysts predict that Ladder Capital Corp will post $1.85 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of LADR. Paloma Partners Management Co acquired a new position in shares of Ladder Capital Corp during the second quarter valued at approximately $143,000. BlackRock Group LTD increased its stake in Ladder Capital Corp by 7.7% in the third quarter. BlackRock Group LTD now owns 12,399 shares of the company’s stock valued at $165,000 after buying an additional 891 shares during the period. BlackRock Inc. increased its stake in Ladder Capital Corp by 275.8% in the second quarter. BlackRock Inc. now owns 13,028 shares of the company’s stock valued at $159,000 after buying an additional 9,561 shares during the period. Morgan Stanley increased its stake in Ladder Capital Corp by 115.9% in the third quarter. Morgan Stanley now owns 16,742 shares of the company’s stock valued at $222,000 after buying an additional 8,986 shares during the period. Finally, BlackRock Advisors LLC increased its stake in Ladder Capital Corp by 10.2% in the third quarter. BlackRock Advisors LLC now owns 22,346 shares of the company’s stock valued at $296,000 after buying an additional 2,074 shares during the period.
Ladder Capital Corp Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment comprises all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities.
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