Ladder Capital (NYSE: LADR- Get a rating)JMP Securities’ stock was reissued its “buy” rating in a report released on Friday, TipRanks reports. They currently have a price target of $13.50 on shares of the real estate investment trust. JMP Securities’ price target suggests a potential upside of 21.18% from the stock’s previous close.
A number of other research firms have also weighed in on LADR. StockNews.com purported coverage from Ladder Capital in a Thursday, March 31 research note. They issued a “buy” rating on the stock. TheStreet downgraded Ladder Capital from a “b-” rating to a “c+” rating in a Friday, April 29 research note.
LADR traded down $0.33 during Friday’s trading, hitting $11.14. The company had a trading volume of 12,931 shares, compared to an average volume of 612,271. The stock has a market capitalization of $1.43 billion, a P/E ratio of 18.55 and a beta of 1, 96. The company has a 50-day simple moving average of $11.27 and a 200-day simple moving average of $11.62. Ladder Capital has a 52-week low of $9.43 and a 52-week high of $12.69. The company has a quick ratio of 104.42, a current ratio of 104.42 and a leverage ratio of 2.88.
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Ladder Capital (NYSE: LADR- Get a rating) last released its quarterly results on Thursday, April 28. The real estate investment trust reported earnings per share (EPS) of $0.25 for the quarter, beating analysts’ consensus estimate of $0.19 by $0.06. Ladder Capital had a return on equity of 4.08% and a net margin of 18.52%. As a group, equity research analysts expect Ladder Capital to post 0.8 EPS for the current fiscal year.
In other Ladder Capital news, insider Kelly Amanda Porcella sold 20,000 shares of the company in a trade dated Monday, April 11. The stock was sold at an average price of $11.75, for a total value of $235,000.00. Following the completion of the sale, the insider now owns 150,594 shares of the company, valued at $1,769,479.50. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. Also, CEO Brian Harris sold 30,000 shares of Ladder Capital in a trade dated Thursday, April 14. The stock was sold at an average price of $12.54, for a total value of $376,200.00. As a result of the sale, the CEO now directly owns 1,058,482 shares of the company, valued at approximately $13,273,364.28. Disclosure of this sale can be found here. In the past three months, insiders have sold 110,000 shares of the company valued at $1,340,200. Company insiders own 11.40% of the company’s shares.
Several institutional investors have recently increased or reduced their stake in LADR. Point72 Hong Kong Ltd bought a new position in Ladder Capital during the fourth quarter, valued at around $46,000. Gator Capital Management LLC bought a new position in Ladder Capital during the fourth quarter worth approximately $128,000. Mercer Global Advisors Inc. ADV increased its position in Ladder Capital by 13.0% during the first quarter. Mercer Global Advisors Inc. ADV now owns 11,475 shares of the real estate investment trust worth $136,000 after acquiring 1,322 additional shares in the last quarter. Kercheville Advisors LLC acquired a new position in Ladder Capital during the fourth quarter worth approximately $156,000. Finally, Squarepoint Ops LLC bought a new position in Ladder Capital during the third quarter worth approximately $178,000. 58.27% of the shares are held by hedge funds and other institutional investors.
About Ladder Capital (Get a rating)
The Lending segment issues first mortgage loans that are secured by cash flow commercial real estate; and originates and invests in on-balance sheet first mortgages secured by commercial real estate in transition, including rental, sale and renovation or repositioning.
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