Ladder Capital (NYSE:LADR) Upgraded to “Strong-Buy” by StockNews.com

Ladder Capital (NYSE:LADR) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods cut their price objective on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a report on Wednesday, April 10th. Wolfe Research initiated coverage on shares of Ladder Capital in a report on Tuesday. They issued an “outperform” rating and a $13.00 price objective for the company. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $12.70.

Ladder Capital Trading Up 1.0 %

Shares of Ladder Capital stock opened at $11.41 on Tuesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 88.40 and a quick ratio of 88.41. The firm has a fifty day moving average price of $11.04 and a 200 day moving average price of $11.05. Ladder Capital has a 1 year low of $9.08 and a 1 year high of $12.00. The stock has a market cap of $1.44 billion, a PE ratio of 15.01 and a beta of 1.92.

Hedge Funds Weigh In On Ladder Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners acquired a new position in Ladder Capital during the first quarter worth about $787,000. Cetera Advisors LLC boosted its position in Ladder Capital by 12.8% during the first quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 3,161 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Ladder Capital by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 59,886 shares of the real estate investment trust’s stock worth $667,000 after acquiring an additional 4,063 shares during the last quarter. Vanguard Group Inc. boosted its position in Ladder Capital by 0.3% during the first quarter. Vanguard Group Inc. now owns 11,234,757 shares of the real estate investment trust’s stock worth $125,043,000 after acquiring an additional 28,602 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Ladder Capital by 8.5% during the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 1,602 shares during the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

About Ladder Capital

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.