Ladder Capital Corp (NYSE:LADR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ladder Capital Corp (NYSE:LADR) have been given a consensus rating of “Moderate Buy” by the five research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.00.

LADR has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Ladder Capital in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Raymond James lowered Ladder Capital from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $12.00 to $12.50 in a research note on Thursday, July 27th. JMP Securities lifted their target price on Ladder Capital from $12.00 to $13.00 in a report on Thursday, July 27th. Finally, BTIG Research lifted their target price on Ladder Capital from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Monday, July 24th.

Institutional Investors Weigh In On Ladder Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. HB Wealth Management LLC increased its holdings in shares of Ladder Capital by 8.2% during the second quarter. HB Wealth Management LLC now owns 13,065 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 995 shares in the last quarter. Arizona State Retirement System grew its holdings in Ladder Capital by 3.5% during the fourth quarter. Arizona State Retirement System now owns 32,209 shares of the real estate investment trust’s stock worth $323,000 after buying an additional 1,094 shares in the last quarter. ProShare Advisors LLC grew its holdings in Ladder Capital by 10.2% during the second quarter. ProShare Advisors LLC now owns 14,740 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 1,367 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Ladder Capital by 14.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 11,585 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,421 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC grew its holdings in Ladder Capital by 14.5% during the first quarter. Counterpoint Mutual Funds LLC now owns 11,655 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 1,478 shares in the last quarter. Institutional investors own 60.93% of the company’s stock.

Ladder Capital Price Performance

Ladder Capital stock opened at $10.82 on Tuesday. The stock’s 50 day moving average is $10.89 and its 200 day moving average is $10.17. The company has a debt-to-equity ratio of 2.58, a current ratio of 89.10 and a quick ratio of 89.10. The firm has a market cap of $1.37 billion, a P/E ratio of 9.66 and a beta of 1.88. Ladder Capital has a one year low of $8.67 and a one year high of $11.77.

About Ladder Capital

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