Ladder Capital Corp (LADR) Shares Active after Upgrade at Keefe, Bruyette & Woods

Ladder Capital Corp (NASDAQ: LADR) shares rose in value Tuesday Dec 13 with slower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.

Meanwhile, the Dow DJIA, +0.47% climbed 106 points, or 0.6%, to 19,905. If the Dow finishes higher, it will notch its seventh straight gain.

The S&P 500 index SPX, +0.56% gained 10.45 points, or 0.5%, to 2,267 and the tech-heavy Nasdaq Composite Index COMP, +1.02% added 48 points, or 0.9%, to 5,461.

Both the S&P 500 index SPX, +0.56% and Nasdaq Composite COMP, +1.02% ended lower on Monday, with investors appearing reluctant to push shares higher ahead of the Fed meeting

Analysts at Keefe, Bruyette & Woods upgraded shares of Ladder Capital Corp (NASDAQ: LADR) from Market Perform to Outperform today. With a rating of Outperform on the shares, the company has a 52-week high of $15.53. As a means of comparison, a number of other analysts have spoken on the stock in recent days, and the company has secured a consensus one-year price target of $15.00, higher than the opening price of $14.19. Usually, after analysts issue an upgrade report on a stock, they will later issue periodic updates, usually followed by a price target change.

Ladder Capital Corp (NASDAQ: LADR) shares last traded at $13.96, a jump of $0.03 or 0.22% over the previous closing price. Opening at $14.19, they ranged from $13.93 and $14.19 throughout the day.

Ladder Capital Corp (NASDAQ: LADR) now has a market cap of 910.19M.

Ladder Capital Corp (NASDAQ: LADR) Average Daily Trading Volume

115,142 shares traded hands yesterday, lower than the average, out of a total float 52,475,000. Investors often use swings in trading volume to pinpoint large volume growth or distribution by institutional investors, so look for trading volume to pick up in the coming days.

However, a single day of high volume buy side trading is not enough to affirm a trend. So market traders will continue to watch for institutional sponsorship as a cue that financial institutions are moving forward.

Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors retain teams of analysts researching thousands of stocks, so it is good corroboration to see them taking a postion in a stock you are considering.

Ladder Capital Corp (NASDAQ: LADR) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.

Trades for Ladder Capital Corp (NASDAQ: LADR) have ranged from $8.64 – 15.53, and the stock now has a 50-day MA of $13.81 and 200-day MA of $13.03. Today’s last price is 10.11%% lower than the 52 week high of $15.53.

Earnings growth is a crucial factor to consider when investing in stocks and investors seek companies that have been successful at growing their earnings at least 25% or more over 3 consecutive years.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of the website. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.

Leave a Reply

Your email address will not be published. Required fields are marked *