Ladder Capital (LADR) Lowered to Hold at Zacks Investment Research

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Ladder Capital (NYSE:LADR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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. “

LADR has been the subject of several other reports. JPMorgan Chase & Co. cut Ladder Capital from an “overweight” rating to a “neutral” rating and set a $18.00 price target for the company. in a research note on Wednesday, October 24th. They noted that the move was a valuation call. B. Riley set a $18.00 price target on Ladder Capital and gave the company a “buy” rating in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Ladder Capital currently has a consensus rating of “Buy” and an average price target of $17.81.

Shares of LADR stock opened at $17.68 on Thursday. The company has a debt-to-equity ratio of 3.06, a current ratio of 74.92 and a quick ratio of 74.92. The company has a market capitalization of $1.97 billion, a P/E ratio of 13.00 and a beta of 0.95. Ladder Capital has a 1 year low of $13.70 and a 1 year high of $17.96.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pearl River Capital LLC bought a new stake in Ladder Capital during the fourth quarter worth $25,000. Intercontinental Wealth Advisors LLC acquired a new position in shares of Ladder Capital during the fourth quarter worth $29,000. Tower Research Capital LLC TRC acquired a new position in shares of Ladder Capital during the third quarter worth $159,000. C M Bidwell & Associates Ltd. increased its holdings in shares of Ladder Capital by 348.9% during the third quarter. C M Bidwell & Associates Ltd. now owns 11,740 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 9,125 shares in the last quarter. Finally, Sage Capital Advisors llc increased its holdings in shares of Ladder Capital by 222.2% during the fourth quarter. Sage Capital Advisors llc now owns 12,984 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 8,954 shares in the last quarter. Hedge funds and other institutional investors own 53.31% 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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Analyst Recommendations for Ladder Capital (NYSE:LADR)

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