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

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

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

Ladder Capital Price Performance

Shares of Ladder Capital stock opened at $11.28 on Wednesday. The company has a quick ratio of 88.41, a current ratio of 88.40 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.84 and a beta of 1.94. Ladder Capital has a twelve month low of $9.08 and a twelve month high of $12.00. The company has a 50-day simple moving average of $11.09 and a two-hundred day simple moving average of $11.04.

Hedge Funds Weigh In On Ladder Capital

Several hedge funds and other institutional investors have recently modified their holdings of LADR. Rhumbline Advisers grew its position in Ladder Capital by 0.8% in the third quarter. Rhumbline Advisers now owns 197,916 shares of the real estate investment trust’s stock valued at $2,031,000 after acquiring an additional 1,518 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Ladder Capital by 160.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 234,345 shares of the real estate investment trust’s stock valued at $2,404,000 after purchasing an additional 144,338 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of Ladder Capital by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 49,144 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 6,201 shares during the last quarter. Wellington Management Group LLP increased its position in Ladder Capital by 0.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,758,384 shares of the real estate investment trust’s stock worth $18,041,000 after purchasing an additional 13,050 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Ladder Capital by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 11,124,634 shares of the real estate investment trust’s stock valued at $114,139,000 after purchasing an additional 49,885 shares during the last quarter. Institutional investors own 62.25% of the company’s stock.

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.