Ladder Capital (NYSE:LADR) Upgraded to “Hold” at Wall Street Zen

Ladder Capital (NYSE:LADR) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Friday.

Separately, Keefe, Bruyette & Woods increased their price target on shares of Ladder Capital from $11.50 to $11.75 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13.15.

Ladder Capital Trading Down 0.4%

Shares of Ladder Capital stock opened at $11.03 on Friday. Ladder Capital has a 12-month low of $9.68 and a 12-month high of $12.48. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 3.32 and a beta of 1.00. The company has a current ratio of 48.72, a quick ratio of 48.71 and a debt-to-equity ratio of 1.83. The company’s 50-day moving average price is $10.72 and its 200-day moving average price is $10.95.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $51.20 million during the quarter, compared to the consensus estimate of $65.15 million. Ladder Capital had a return on equity of 7.82% and a net margin of 21.81%. During the same quarter last year, the company posted $0.33 earnings per share. On average, equities analysts expect that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ladder Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KBC Group NV purchased a new position in Ladder Capital during the first quarter valued at $31,000. Versant Capital Management Inc purchased a new position in Ladder Capital during the first quarter valued at $38,000. Sterling Capital Management LLC lifted its position in Ladder Capital by 816.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 3,240 shares during the period. TD Waterhouse Canada Inc. purchased a new position in Ladder Capital during the fourth quarter valued at $84,000. Finally, Coppell Advisory Solutions LLC increased its holdings in shares of Ladder Capital by 138.6% during the first quarter. Coppell Advisory Solutions LLC now owns 8,933 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 5,189 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

About Ladder Capital

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.