Ladder Capital (NYSE:LADR) Receives Buy Rating from BTIG Research

Ladder Capital (NYSE:LADR)‘s stock had its “buy” rating reissued by stock analysts at BTIG Research in a report issued on Monday,Benzinga reports. They currently have a $13.50 price target on the real estate investment trust’s stock. BTIG Research’s price objective would suggest a potential upside of 23.06% from the company’s previous close.

A number of other equities research analysts also recently weighed in on LADR. Susquehanna set a $13.00 target price on Ladder Capital in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Ladder Capital in a research note on Monday, December 29th. Wall Street Zen downgraded Ladder Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. B. Riley initiated coverage on Ladder Capital in a report on Monday, January 5th. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Ladder Capital in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ladder Capital presently has an average rating of “Moderate Buy” and a consensus target price of $12.92.

Ladder Capital Stock Performance

LADR stock opened at $10.97 on Monday. The company has a 50-day simple moving average of $11.11 and a 200 day simple moving average of $11.06. The company has a market capitalization of $1.40 billion, a P/E ratio of 17.41, a PEG ratio of 7.01 and a beta of 1.01. The company has a quick ratio of 35.60, a current ratio of 35.60 and a debt-to-equity ratio of 2.01. Ladder Capital has a fifty-two week low of $9.68 and a fifty-two week high of $11.92.

Institutional Trading of Ladder Capital

Several hedge funds and other institutional investors have recently modified their holdings of LADR. State of New Jersey Common Pension Fund D grew its stake in Ladder Capital by 8.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 206,794 shares of the real estate investment trust’s stock valued at $2,273,000 after purchasing an additional 16,197 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Ladder Capital in the 4th quarter valued at approximately $233,000. Advisors Capital Management LLC increased its holdings in Ladder Capital by 1.7% in the fourth quarter. Advisors Capital Management LLC now owns 186,155 shares of the real estate investment trust’s stock worth $2,046,000 after buying an additional 3,055 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Ladder Capital by 2.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 239,399 shares of the real estate investment trust’s stock valued at $2,631,000 after acquiring an additional 5,911 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Ladder Capital by 38.8% in the fourth quarter. Farther Finance Advisors LLC now owns 49,767 shares of the real estate investment trust’s stock worth $547,000 after acquiring an additional 13,907 shares in the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

Ladder Capital Company Profile

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.