Ladder Capital Corp (LADR) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of Ladder Capital Corp (NASDAQ:LADR) from a hold rating to a sell rating in a research note published on Saturday.

A number of other research analysts have also weighed in on LADR. Zacks Investment Research lowered Ladder Capital Corp from a hold rating to a sell rating in a report on Thursday, July 6th. Keefe, Bruyette & Woods reissued a buy rating and set a $16.00 target price on shares of Ladder Capital Corp in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Ladder Capital Corp presently has an average rating of Buy and a consensus price target of $15.75.

Shares of Ladder Capital Corp (LADR) traded up 0.73% during midday trading on Friday, hitting $13.79. 404,706 shares of the stock traded hands. The company has a market capitalization of $1.19 billion and a PE ratio of 9.51. Ladder Capital Corp has a 12-month low of $12.14 and a 12-month high of $15.53. The firm’s 50 day moving average price is $13.65 and its 200 day moving average price is $13.86.

Ladder Capital Corp (NASDAQ:LADR) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. The business had revenue of $52.10 million for the quarter, compared to analyst estimates of $76.60 million. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. Analysts expect that Ladder Capital Corp will post $1.46 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date was Friday, September 8th.

In other news, CEO Brian Harris acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of $13.41 per share, with a total value of $134,100.00. Following the acquisition, the chief executive officer now directly owns 544,558 shares in the company, valued at approximately $7,302,522.78. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $13.55, for a total value of $27,100,000.00. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can grew its holdings in Ladder Capital Corp by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 75 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Ladder Capital Corp by 0.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 13,196 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 98 shares in the last quarter. Wellington Management Group LLP grew its holdings in Ladder Capital Corp by 0.8% in the 1st quarter. Wellington Management Group LLP now owns 20,714 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 155 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Ladder Capital Corp by 3.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,835 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 595 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Ladder Capital Corp by 6.7% in the 1st quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 649 shares in the last quarter.

About Ladder Capital Corp

Ladder Capital Corp is a commercial real estate finance c

A number of other research analysts have also weighed in on LADR. Zacks Investment Research lowered Ladder Capital Corp from a hold rating to a sell rating in a report on Thursday, July 6th. Keefe, Bruyette & Woods reissued a buy rating and set a $16.00 target price on shares of Ladder Capital Corp in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Ladder Capital Corp presently has an average rating of Buy and a consensus price target of $15.75.

Shares of Ladder Capital Corp (LADR) traded up 0.73% during midday trading on Friday, hitting $13.79. 404,706 shares of the stock traded hands. The company has a market capitalization of $1.19 billion and a PE ratio of 9.51. Ladder Capital Corp has a 12-month low of $12.14 and a 12-month high of $15.53. The firm’s 50 day moving average price is $13.65 and its 200 day moving average price is $13.86.

Ladder Capital Corp (NASDAQ:LADR) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. The business had revenue of $52.10 million for the quarter, compared to analyst estimates of $76.60 million. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. Analysts expect that Ladder Capital Corp will post $1.46 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Ladder Capital Corp (LADR) Downgraded by BidaskClub to “Sell”” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/22/ladder-capital-corp-ladr-downgraded-by-bidaskclub-to-sell.html.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date was Friday, September 8th.

In other news, CEO Brian Harris acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of $13.41 per share, with a total value of $134,100.00. Following the acquisition, the chief executive officer now directly owns 544,558 shares in the company, valued at approximately $7,302,522.78. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $13.55, for a total value of $27,100,000.00. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can grew its holdings in Ladder Capital Corp by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 75 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Ladder Capital Corp by 0.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 13,196 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 98 shares in the last quarter. Wellington Management Group LLP grew its holdings in Ladder Capital Corp by 0.8% in the 1st quarter. Wellington Management Group LLP now owns 20,714 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 155 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Ladder Capital Corp by 3.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,835 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 595 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Ladder Capital Corp by 6.7% in the 1st quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 649 shares in the last quarter.

About Ladder Capital Corp

Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).

Analyst Recommendations for Ladder Capital Corp (NASDAQ:LADR)

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