Ladder Capital (NYSE:LADR) Upgraded at Wall Street Zen

Key Points

• Ladder Capital was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating.
• Analyst coverage is mixed but leans positive—four Buy, one Hold and one Sell, with a consensus rating of "Moderate Buy" and a consensus price target of $12.75.
• In the latest quarter LADR reported EPS of $0.22 (in line with estimates) but revenue missed ($51.88M vs. $57.03M); shares opened at $10.33 with a market cap of about $1.31B and a 1‑year range of $9.61–$11.92.

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

LADR has been the subject of several other reports. Keefe, Bruyette & Woods decreased their price objective on shares of Ladder Capital from $11.50 to $11.00 and set an "outperform" rating for the company in a report on Wednesday, April 8th. BTIG Research reissued a "buy" rating and set a $13.50 price objective on shares of Ladder Capital in a report on Monday, February 2nd. Citigroup reissued a "market outperform" rating on shares of Ladder Capital in a report on Wednesday, January 21st. B. Riley Financial began coverage on shares of Ladder Capital in a report on Monday, January 5th. They set a "buy" rating and a $13.00 price objective for the company. Finally, Weiss Ratings raised shares of Ladder Capital from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ladder Capital currently has an average rating of "Moderate Buy" and a consensus price target of $12.75.

Ladder Capital Price Performance

Shares of LADR stock opened at $10.33 on Friday. The firm has a market cap of $1.31 billion, a P/E ratio of 23.47, a P/E/G ratio of 0.93 and a beta of 0.98. The company has a debt-to-equity ratio of 2.79, a current ratio of 58.90 and a quick ratio of 29.65. Ladder Capital has a 1-year low of $9.61 and a 1-year high of $11.92. The firm has a fifty day moving average of $10.14 and a two-hundred day moving average of $10.62.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $51.88 million during the quarter, compared to analyst estimates of $57.03 million. Ladder Capital had a net margin of 13.82% and a return on equity of 5.73%. During the same period last year, the business earned $0.20 EPS. As a group, research analysts anticipate that Ladder Capital will post 0.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ladder Capital

Large investors have recently bought and sold shares of the business. Access Investment Management LLC lifted its holdings in Ladder Capital by 28.1% in the third quarter. Access Investment Management LLC now owns 440,384 shares of the real estate investment trust's stock worth $4,805,000 after acquiring an additional 96,630 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Ladder Capital by 49.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 623,013 shares of the real estate investment trust's stock valued at $6,797,000 after purchasing an additional 207,167 shares during the period. Denali Advisors LLC grew its position in Ladder Capital by 99.6% in the 3rd quarter. Denali Advisors LLC now owns 490,600 shares of the real estate investment trust's stock worth $5,352,000 after purchasing an additional 244,776 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Ladder Capital in the 3rd quarter worth about $2,282,000. Finally, M&T Bank Corp bought a new position in Ladder Capital in the 4th quarter worth about $7,943,000. Institutional investors own 62.25% of the company's stock.

Ladder Capital Company Profile

Ladder Capital Corp NYSE: LADR is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.

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