Ladder Capital (NYSE:LADR) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Ladder Capital (NYSE:LADR) from a sell rating to a hold rating in a research note released on Tuesday morning, Zacks.com reports.

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. “

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Ladder Capital from $18.00 to $17.50 and set a neutral rating for the company in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $18.50.

Shares of LADR opened at $16.80 on Tuesday. Ladder Capital has a 1-year low of $14.75 and a 1-year high of $18.82. The stock has a market cap of $2.01 billion, a PE ratio of 8.62 and a beta of 0.97. The firm has a 50-day simple moving average of $16.82 and a two-hundred day simple moving average of $16.90. The company has a debt-to-equity ratio of 2.80, a current ratio of 62.27 and a quick ratio of 62.27.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $85.32 million during the quarter, compared to analysts’ expectations of $83.00 million. Ladder Capital had a net margin of 26.91% and a return on equity of 12.05%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. As a group, sell-side analysts expect that Ladder Capital will post 1.47 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in LADR. Redhawk Wealth Advisors Inc. purchased a new position in Ladder Capital in the second quarter worth approximately $31,000. Quad Cities Investment Group LLC purchased a new stake in shares of Ladder Capital during the 2nd quarter worth approximately $33,000. Point72 Asset Management L.P. purchased a new stake in shares of Ladder Capital during the 2nd quarter worth approximately $35,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Ladder Capital during the 1st quarter worth approximately $61,000. Finally, Mcmillion Capital Management Inc. purchased a new stake in shares of Ladder Capital during the 2nd quarter worth approximately $83,000. Hedge funds and other institutional investors own 52.63% of the company’s stock.

About Ladder Capital

Ladder Capital Corp operates as a 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.

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