BidaskClub Downgrades Ladder Capital Corp (LADR) to Sell
Ladder Capital Corp (NASDAQ:LADR) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
Several other equities analysts have also recently issued reports on LADR. Zacks Investment Research upgraded shares of Ladder Capital Corp from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research note on Thursday, September 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 target price on shares of Ladder Capital Corp in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Ladder Capital Corp has a consensus rating of “Buy” and a consensus target price of $15.75.
Shares of Ladder Capital Corp (LADR) opened at 13.79 on Friday. The stock has a 50 day moving average of $13.65 and a 200-day moving average of $13.86. The stock has a market capitalization of $1.19 billion and a PE ratio of 12.05. Ladder Capital Corp has a 52 week low of $12.14 and a 52 week high of $15.53.
Ladder Capital Corp (NASDAQ:LADR) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.11. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. The firm had revenue of $52.10 million during the quarter, compared to analysts’ expectations of $76.60 million. During the same period in the previous year, the business posted $0.32 EPS. The business’s revenue was up 32.9% compared to the same quarter last year. On average, equities research analysts expect that Ladder Capital Corp will post $1.46 EPS for the current year.
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In related news, CEO Brian Harris purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of $13.41 per share, with a total value of $134,100.00. Following the acquisition, the chief executive officer now owns 544,558 shares in the company, valued at $7,302,522.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $13.55, for a total transaction of $27,100,000.00. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Ladder Capital Corp in the 1st quarter worth $110,000. Evercore Wealth Management LLC purchased a new stake in Ladder Capital Corp in the 2nd quarter worth $134,000. BNP Paribas Arbitrage SA increased its holdings in Ladder Capital Corp by 833.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 9,106 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Ladder Capital Corp by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 75 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Ladder Capital Corp by 6.7% in the 1st quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 649 shares in the last quarter.
About Ladder Capital Corp
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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