Ladder Capital (NYSE:LADR) had its price objective raised by Bank of America from $16.00 to $18.00 in a research report report published on Monday. The brokerage currently has a buy rating on the real estate investment trust’s stock.
A number of other brokerages have also recently commented on LADR. Zacks Investment Research raised shares of Ladder Capital from a hold rating to a buy rating and set a $17.00 target price for the company in a report on Tuesday, March 13th. ValuEngine cut shares of Ladder Capital from a strong-buy rating to a buy rating in a report on Wednesday, March 7th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and set a $16.50 target price on shares of Ladder Capital in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $17.00.
Shares of Ladder Capital stock opened at $15.07 on Monday. Ladder Capital has a twelve month low of $12.82 and a twelve month high of $15.39. The company has a market cap of $1,668.15, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. The company has a current ratio of 62.36, a quick ratio of 62.36 and a debt-to-equity ratio of 2.94.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Trust Group LLC purchased a new stake in shares of Ladder Capital in the third quarter worth $2,060,000. GSA Capital Partners LLP increased its stake in shares of Ladder Capital by 518.2% in the third quarter. GSA Capital Partners LLP now owns 124,232 shares of the real estate investment trust’s stock worth $1,712,000 after purchasing an additional 104,136 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Ladder Capital in the third quarter worth $491,000. Citadel Advisors LLC increased its stake in shares of Ladder Capital by 14.0% in the third quarter. Citadel Advisors LLC now owns 221,069 shares of the real estate investment trust’s stock worth $3,046,000 after purchasing an additional 27,100 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Ladder Capital by 6.3% in the third quarter. Bank of New York Mellon Corp now owns 342,626 shares of the real estate investment trust’s stock worth $4,722,000 after purchasing an additional 20,373 shares in the last quarter. 49.60% of the stock is owned by hedge funds and other institutional investors.
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Ladder Capital 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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