Ladder Capital Rating (NYSE: LADR) Downgraded to Maintain at Zacks Investment Research
According to Zacks, “Ladder Capital Corp is a commercial real estate finance company. The company operates in three segments: loans, securities and real estate. first mortgage loans on commercial real estate and investment in net leased commercial real estate and others.The company also provides commercial real estate industry services which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York. “
Ladder Capital shares opened at $ 11.46 on Tuesday. The company has a quick ratio of 100.81, a current ratio of 100.81, and a debt ratio of 2.62. Ladder Capital has a twelve month minimum of $ 6.77 and a twelve month maximum of $ 12.65. The company has a 50-day moving average price of $ 11.21 and a 200-day moving average price of $ 11.48. The company has a market cap of $ 1.45 billion, a PE ratio of 95.51 and a beta of 2.19.
Ladder Capital (NYSE: LADR) last reported its quarterly results on Thursday, July 29. The REIT reported earnings of $ 0.10 per share for the quarter, exceeding Thomson Reuters consensus estimate of ($ 0.01) by $ 0.11. Ladder Capital had a return on equity of 0.87% and a net margin of 4.69%. On average, sell-side analysts predict Ladder Capital will post 0.19 EPS for the current year.
A number of large investors have recently bought and sold shares in the company. BlackRock Inc. increased its stake in Ladder Capital by 3.9% during the 1st quarter. BlackRock Inc. now owns 11,086,999 real estate investment trust shares worth $ 130,827,000 after purchasing an additional 420,965 shares in the last quarter. Vanguard Group Inc. increased its stake in Ladder Capital by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 10,624,425 real estate investment trust shares worth $ 122,606,000 after purchasing an additional 241,540 shares in the last quarter. Brown Advisory Inc. acquired a new stake in Ladder Capital during the 1st quarter valued at approximately $ 47,132,000. Citigroup Inc. increased its stake in Ladder Capital by 47.0% during the 2nd quarter. Citigroup Inc. now owns 2,982,894 Real Estate Investment Trust shares worth $ 34,423,000 after purchasing an additional 954,106 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Ladder Capital by 4.4% during the second quarter. Nuveen Asset Management LLC now owns 2,445,753 real estate investment trust shares worth $ 28,223,000 after purchasing an additional 102,521 shares during the last quarter. Institutional investors hold 55.49% of the company’s shares.
Ladder Capital Company Profile
Ladder Capital Corp. is a holding company that provides commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate and Businesses and others. The Loans segment includes mortgages held for investment and mortgages held for sale.
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