Compass Point Initiates Coverage on Ladder Capital (NYSE:LADR)

Stock analysts at Compass Point initiated coverage on shares of Ladder Capital (NYSE:LADR) in a research note issued on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $19.10 price target on the real estate investment trust’s stock. Compass Point’s price objective suggests a potential upside of 10.02% from the company’s previous close.

Separately, Zacks Investment Research cut shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.87.

Shares of NYSE LADR opened at $17.36 on Monday. The company’s 50 day moving average price is $17.14 and its 200-day moving average price is $16.83. The company has a debt-to-equity ratio of 2.97, a quick ratio of 77.18 and a current ratio of 77.18. Ladder Capital has a 52-week low of $14.75 and a 52-week high of $18.82. The company has a market capitalization of $2.08 billion, a P/E ratio of 8.90 and a beta of 0.97.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). Ladder Capital had a return on equity of 10.58% and a net margin of 22.51%. The firm had revenue of $69.05 million for the quarter, compared to analyst estimates of $72.31 million. During the same quarter last year, the company earned $0.59 earnings per share. The company’s quarterly revenue was down 44.7% compared to the same quarter last year. Analysts forecast that Ladder Capital will post 1.42 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of LADR. Commonwealth Equity Services LLC boosted its holdings in shares of Ladder Capital by 31.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 32,552 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 7,721 shares in the last quarter. James Investment Research Inc. lifted its position in shares of Ladder Capital by 19.9% during the 2nd quarter. James Investment Research Inc. now owns 109,451 shares of the real estate investment trust’s stock valued at $1,818,000 after acquiring an additional 18,165 shares during the period. Strs Ohio boosted its stake in Ladder Capital by 11.8% during the second quarter. Strs Ohio now owns 27,500 shares of the real estate investment trust’s stock worth $456,000 after acquiring an additional 2,900 shares in the last quarter. Mcmillion Capital Management Inc. bought a new position in Ladder Capital during the second quarter worth $83,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Ladder Capital in the second quarter worth $662,000. 50.15% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Company Profile

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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