Ladder Capital (NYSE:LADR) Lowered to Sell Rating by Wall Street Zen

Ladder Capital (NYSE:LADR) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Keefe, Bruyette & Woods dropped their price target on shares of Ladder Capital from $12.75 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.20.

Ladder Capital Trading Up 0.2%

Ladder Capital stock opened at $11.03 on Friday. Ladder Capital has a 52 week low of $9.68 and a 52 week high of $12.48. The company has a debt-to-equity ratio of 1.83, a quick ratio of 48.71 and a current ratio of 48.72. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 3.31 and a beta of 1.00. The company has a 50 day moving average price of $10.59 and a 200 day moving average price of $10.97.

Ladder Capital (NYSE:LADR) last released its earnings results 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). Ladder Capital had a net margin of 21.81% and a return on equity of 7.82%. The business had revenue of $51.20 million for the quarter, compared to analysts’ expectations of $65.15 million. During the same period last year, the firm earned $0.33 EPS. Research analysts forecast that Ladder Capital will post 1.03 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LADR. Vanguard Group Inc. boosted its holdings in Ladder Capital by 0.4% in the first quarter. Vanguard Group Inc. now owns 11,367,771 shares of the real estate investment trust’s stock worth $129,706,000 after purchasing an additional 42,255 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Ladder Capital by 2.8% during the 1st quarter. Jennison Associates LLC now owns 6,955,381 shares of the real estate investment trust’s stock worth $79,361,000 after acquiring an additional 190,867 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Ladder Capital by 77.6% during the 4th quarter. Wellington Management Group LLP now owns 2,684,772 shares of the real estate investment trust’s stock valued at $30,043,000 after acquiring an additional 1,172,961 shares during the last quarter. Nuveen LLC bought a new position in shares of Ladder Capital in the 1st quarter valued at approximately $22,261,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Ladder Capital by 35.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,777,974 shares of the real estate investment trust’s stock worth $19,896,000 after purchasing an additional 461,739 shares during the last quarter. Institutional investors and hedge funds 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.