Ladder Capital (NYSE:LADR) Lowered to “Buy” at StockNews.com

Ladder Capital (NYSE:LADR) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

Other equities analysts have also issued reports about the stock. Wolfe Research assumed coverage on shares of Ladder Capital in a research report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 price target on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ladder Capital presently has a consensus rating of “Buy” and an average price target of $12.70.

Ladder Capital Price Performance

Shares of NYSE LADR opened at $11.17 on Wednesday. The firm has a market cap of $1.41 billion, a P/E ratio of 14.70 and a beta of 1.94. The business’s 50 day moving average is $11.12 and its 200-day moving average is $11.04. The company has a current ratio of 88.40, a quick ratio of 88.41 and a debt-to-equity ratio of 2.41. Ladder Capital has a 1-year low of $9.08 and a 1-year high of $12.00.

Institutional Trading of Ladder Capital

Several institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners bought a new position in Ladder Capital in the 1st quarter valued at approximately $787,000. Cetera Advisors LLC lifted its stake in shares of Ladder Capital by 12.8% in the 1st quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 3,161 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ladder Capital by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 59,886 shares of the real estate investment trust’s stock valued at $667,000 after acquiring an additional 4,063 shares in the last quarter. Vanguard Group Inc. grew its position in Ladder Capital by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 11,234,757 shares of the real estate investment trust’s stock worth $125,043,000 after acquiring an additional 28,602 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Ladder Capital by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 1,602 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors.

Ladder Capital Company Profile

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.