Ladder Capital Corp (LADR) Upgraded by Zacks Investment Research to Hold

Ladder Capital Corp (NASDAQ:LADR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, July 12th.

According to Zacks, “Ladder Capital Corp is a commercial real estate finance company. The Company operates in three segments: Loans, Securities and Real Estate. It focused on midmarket senior secured commercial real estate first mortgage loans, investment grade-rated securities secured by first mortgage loans on commercial real estate and investing in net leased and other commercial real estate. The company also provides services of the commercial real estate industry which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York City. “

Several other equities research analysts also recently issued reports on LADR. Wells Fargo & Company upgraded shares of Ladder Capital Corp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 14th. FBR & Co raised their price objective on shares of Ladder Capital Corp from $16.00 to $16.50 and gave the stock an “outperform” rating in a research note on Wednesday, April 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $15.67.

Shares of Ladder Capital Corp (NASDAQ:LADR) opened at 13.50 on Wednesday. The company has a 50-day moving average of $13.34 and a 200 day moving average of $14.03. The firm has a market capitalization of $1.16 billion and a PE ratio of 11.80. Ladder Capital Corp has a 12-month low of $12.14 and a 12-month high of $15.53.

Ladder Capital Corp (NASDAQ:LADR) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11. The business had revenue of $52.10 million for the quarter, compared to the consensus estimate of $76.60 million. Ladder Capital Corp had a net margin of 22.29% and a return on equity of 5.35%. Ladder Capital Corp’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. On average, analysts predict that Ladder Capital Corp will post $1.41 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Ladder Capital Corp by 44.3% in the second quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock valued at $95,416,000 after buying an additional 2,183,991 shares during the period. Vanguard Group Inc. boosted its position in shares of Ladder Capital Corp by 14.3% in the second quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock valued at $76,459,000 after buying an additional 712,583 shares during the period. FMR LLC boosted its position in shares of Ladder Capital Corp by 37.6% in the first quarter. FMR LLC now owns 3,109,299 shares of the real estate investment trust’s stock valued at $44,899,000 after buying an additional 850,281 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Ladder Capital Corp by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 1,362,191 shares of the real estate investment trust’s stock valued at $18,268,000 after buying an additional 3,763 shares during the period. Finally, UBS Group AG boosted its position in shares of Ladder Capital Corp by 96.2% in the first quarter. UBS Group AG now owns 1,259,701 shares of the real estate investment trust’s stock valued at $18,190,000 after buying an additional 617,751 shares during the period.

About Ladder Capital Corp

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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