Ladder Capital (NYSE:LADR) Raised to "Hold" at Wall Street Zen

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

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of Ladder Capital from $12.75 to $12.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ladder Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.20.

Ladder Capital Price Performance

LADR traded up $0.05 during midday trading on Friday, hitting $10.90. 1,529,645 shares of the company traded hands, compared to its average volume of 666,807. The company has a current ratio of 48.72, a quick ratio of 48.71 and a debt-to-equity ratio of 1.83. Ladder Capital has a 52-week low of $9.68 and a 52-week high of $12.48. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 3.25 and a beta of 1.01. The business has a 50 day simple moving average of $10.51 and a two-hundred day simple moving average of $11.00.

Ladder Capital (NYSE:LADR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.02). The firm had revenue of $51.20 million for the quarter, compared to analysts' expectations of $65.15 million. Ladder Capital had a return on equity of 7.82% and a net margin of 21.81%. During the same period last year, the firm earned $0.33 earnings per share. On average, equities analysts forecast that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ladder Capital

Several institutional investors have recently bought and sold shares of LADR. Vanguard Group Inc. raised its holdings in shares of Ladder Capital by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 11,367,771 shares of the real estate investment trust's stock valued at $129,706,000 after buying an additional 42,255 shares during the period. Jennison Associates LLC grew its position in shares of Ladder Capital by 2.8% during the 1st quarter. Jennison Associates LLC now owns 6,955,381 shares of the real estate investment trust's stock valued at $79,361,000 after buying an additional 190,867 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Ladder Capital by 77.6% during the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust's stock worth $30,043,000 after purchasing an additional 1,172,961 shares during the period. Nuveen LLC acquired a new stake in Ladder Capital in the first quarter worth $22,261,000. Finally, Balyasny Asset Management L.P. lifted its position in Ladder Capital by 35.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust's stock valued at $19,896,000 after purchasing an additional 461,739 shares during the last quarter. 62.25% of the stock is currently owned by hedge funds and other 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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