Zacks Investment Research Lowers Ladder Capital (NYSE:LADR) to Sell

Ladder Capital (NYSE:LADRGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday, 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. “

Other research analysts also recently issued research reports about the stock. StockNews.com initiated coverage on shares of Ladder Capital in a research report on Thursday, March 31st. They set a “buy” rating on the stock. BTIG Research reissued a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a research report on Friday, February 11th. Finally, TheStreet downgraded shares of Ladder Capital from a “b-” rating to a “c+” rating in a research report on Friday, April 29th. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $13.83.

Shares of LADR opened at $11.51 on Friday. Ladder Capital has a 1-year low of $10.48 and a 1-year high of $12.69. The company has a 50-day moving average of $11.84 and a 200 day moving average of $11.85. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 19.18 and a beta of 1.97. The company has a debt-to-equity ratio of 2.79, a current ratio of 103.29 and a quick ratio of 103.29.

Ladder Capital (NYSE:LADRGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. Ladder Capital had a net margin of 18.52% and a return on equity of 4.07%. On average, equities analysts anticipate that Ladder Capital will post 0.71 earnings per share for the current fiscal year.

In other Ladder Capital news, CEO Brian Harris sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $12.54, for a total transaction of $376,200.00. Following the sale, the chief executive officer now owns 1,058,482 shares of the company’s stock, valued at approximately $13,273,364.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Pamela Mccormack sold 3,139 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $11.98, for a total transaction of $37,605.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,139 shares of company stock worth $1,377,805. Insiders own 11.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brown Advisory Inc. grew its holdings in shares of Ladder Capital by 12.2% during the fourth quarter. Brown Advisory Inc. now owns 4,466,302 shares of the real estate investment trust’s stock worth $53,552,000 after buying an additional 485,862 shares in the last quarter. Citigroup Inc. raised its position in shares of Ladder Capital by 5.6% in the fourth quarter. Citigroup Inc. now owns 3,660,713 shares of the real estate investment trust’s stock valued at $43,893,000 after buying an additional 194,621 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Ladder Capital by 19.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,503,638 shares of the real estate investment trust’s stock valued at $42,008,000 after buying an additional 577,973 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Ladder Capital by 21.0% in the fourth quarter. Nuveen Asset Management LLC now owns 2,489,992 shares of the real estate investment trust’s stock valued at $29,855,000 after buying an additional 431,534 shares during the last quarter. Finally, State Street Corp raised its position in shares of Ladder Capital by 2.8% in the fourth quarter. State Street Corp now owns 2,284,703 shares of the real estate investment trust’s stock valued at $27,847,000 after buying an additional 63,081 shares during the last quarter. 58.27% of the stock is owned by institutional investors.

Ladder Capital Company Profile (Get Rating)

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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