Zacks Investment Research Upgrades Ladder Capital Corp (NASDAQ:LADR) to “Hold”
Ladder Capital Corp (NASDAQ:LADR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.
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. “
Shares of Ladder Capital Corp (NASDAQ:LADR) traded down 0.07% during midday trading on Friday, hitting $13.50. 521,605 shares of the stock were exchanged. The firm’s 50 day moving average price is $13.34 and its 200-day moving average price is $14.03. The stock has a market cap of $1.16 billion and a P/E ratio of 11.80. Ladder Capital Corp has a 52-week low of $12.14 and a 52-week high of $15.53.
Ladder Capital Corp (NASDAQ:LADR) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.11. The company had revenue of $52.10 million during the quarter, compared to the consensus estimate of $76.60 million. Ladder Capital Corp had a return on equity of 5.35% and a net margin of 22.29%. The firm’s revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. On average, equities research analysts expect that Ladder Capital Corp will post $1.41 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Ladder Capital Corp during the first quarter worth about $110,000. Great West Life Assurance Co. Can increased its position in shares of Ladder Capital Corp by 0.8% in the first quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 75 shares during the period. Evercore Wealth Management LLC bought a new position in shares of Ladder Capital Corp during the second quarter worth about $134,000. BNP Paribas Arbitrage SA increased its position in shares of Ladder Capital Corp by 833.1% in the second quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 9,106 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Ladder Capital Corp by 6.7% in the first quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 649 shares during the period.
Ladder Capital Corp Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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