Ladder Capital (NYSE:LADR) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Tuesday, The Fly reports.

A number of other research firms also recently issued reports on LADR. BidaskClub downgraded Ladder Capital from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Zacks Investment Research upgraded Ladder Capital from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 price objective on shares of Ladder Capital in a report on Friday, September 22nd. ValuEngine raised Ladder Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, B. Riley reissued a “buy” rating on shares of Ladder Capital in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $15.83.

Ladder Capital (NYSE:LADR) traded up $0.02 on Tuesday, reaching $13.59. The company’s stock had a trading volume of 549,300 shares, compared to its average volume of 691,611. The company has a debt-to-equity ratio of 2.86, a quick ratio of 77.86 and a current ratio of 77.86. The company has a market capitalization of $1,610.00, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03. Ladder Capital has a twelve month low of $12.82 and a twelve month high of $15.23.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $69.30 million during the quarter, compared to the consensus estimate of $59.05 million. Ladder Capital had a return on equity of 9.78% and a net margin of 27.38%. During the same quarter in the prior year, the company earned $0.40 earnings per share. sell-side analysts predict that Ladder Capital will post 1.36 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LADR. BlackRock Inc. grew its stake in shares of Ladder Capital by 44.3% in the second quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock worth $95,416,000 after acquiring an additional 2,183,991 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Ladder Capital by 14.3% in the second quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock worth $76,459,000 after acquiring an additional 712,583 shares during the last quarter. Boston Partners purchased a new stake in shares of Ladder Capital in the third quarter worth $8,944,000. Prudential Financial Inc. grew its stake in shares of Ladder Capital by 150.9% in the third quarter. Prudential Financial Inc. now owns 677,531 shares of the real estate investment trust’s stock worth $9,336,000 after acquiring an additional 407,530 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Ladder Capital by 50.6% during the second quarter. State Street Corp now owns 1,209,568 shares of the real estate investment trust’s stock valued at $16,219,000 after buying an additional 406,141 shares during the last quarter. 46.18% of the stock is currently owned by hedge funds and other institutional investors.

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About Ladder Capital

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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Analyst Recommendations for Ladder Capital (NYSE:LADR)

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