Ladder Capital (NYSE:LADR) Downgraded to Sell Rating by Wall Street Zen

Key Points

• Ladder Capital has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen's equity research analysts.
• Research from Zacks lowered Ladder Capital's rating from "strong-buy" to "hold," while Keefe, Bruyette & Woods raised the price target from $11.75 to $12.00.
• The company reported earnings of $0.23 per share, surpassing expectations, although revenue fell short at $56.26 million compared to an estimate of $58.57 million.

Ladder Capital (NYSE:LADR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

A number of other research analysts have also commented on the company. Zacks Research lowered Ladder Capital from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of Ladder Capital from $11.75 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Ladder Capital in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $12.00.

Ladder Capital Stock Down 0.4%

Shares of Ladder Capital stock opened at $10.67 on Friday. Ladder Capital has a twelve month low of $9.68 and a twelve month high of $12.10. The company has a current ratio of 31.28, a quick ratio of 31.28 and a debt-to-equity ratio of 1.86. The business's 50 day simple moving average is $11.30 and its 200-day simple moving average is $10.91. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 9.13 and a beta of 1.09.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Ladder Capital had a return on equity of 7.07% and a net margin of 20.05%.The firm had revenue of $56.26 million for the quarter, compared to analyst estimates of $58.57 million. During the same period last year, the company earned $0.31 earnings per share. Equities research analysts forecast that Ladder Capital will post 1.03 earnings per share for the current year.

Insider Activity

In other news, Director Mark David Alexander sold 26,795 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $10.86, for a total transaction of $290,993.70. Following the completion of the sale, the director owned 29,229 shares in the company, valued at approximately $317,426.94. This represents a 47.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 91,382 shares of company stock worth $1,003,501. Corporate insiders own 12.00% of the company's stock.

Institutional Trading of Ladder Capital

Several large investors have recently modified their holdings of LADR. KBC Group NV bought a new stake in Ladder Capital during the first quarter valued at about $31,000. CWM LLC lifted its position in Ladder Capital by 192.4% in the second quarter. CWM LLC now owns 3,798 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 2,499 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of Ladder Capital by 138.6% during the 1st quarter. Coppell Advisory Solutions LLC now owns 8,933 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 5,189 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in Ladder Capital during the second quarter worth about $108,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Ladder Capital by 89.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,425 shares of the real estate investment trust's stock worth $112,000 after buying an additional 4,910 shares during the period. 62.25% of the stock is owned by institutional investors.

About Ladder Capital

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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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