Ladder Capital (NYSE:LADR) Change of Rating
Wells Fargo gave Ladder Capital (NYSE:LADR) shares a new Outperform rating in a report sent to investors on Tuesday, 14 March. This is increase from the last Market Perform rating.
This stock rating upgrade is well received by stock traders, as NYSE:LADR is currently trading 0.98% higher at $13.85 as of 2:02 AM New York time. Ladder Capital’s stock is 0% over the past 200 days. It has underperformed the S&P 500 Index, which has increased 13.53% over the same time.
Out of 7 analysts covering Ladder Capital, 5 rate it a Buy, 3 indicate a Hold while 0 suggest a Sell. The highest target is $17.5 and the lowest is $13 according to Thomson/First Call. The 12-month mean target is $14.64, which means upside potential of 5.70% over the current price.
Glenhill Advisors Llc had the most significant stake with ownership of 3.32M shares as of q2 2015 for 2.64% of the fund’s portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corp is another notably bullish active investment manager who is having 12.22M shares of Ladder Capital or 1.59% of their fund’s portfolio. Further, Omers Administration Corp have 1.42% of their fund’s portfolio invested in the company for 6.04M shares. The California-based fund Orinda Asset Management Llc revealed it had acquired so far a stake worth about 1.09% of the active investment manager’s stock portfolio in Ladder Capital. The Massachusetts-based fund Clough Capital Partners L P is also positive about the stock, possessing 97,238 shares or 0.52% of their fund’s portfolio.
Ladder Capital (NYSE:LADR) Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
Ladder Capital (NYSE:LADR) traded up 0.98% on 14 March, hitting $13.85. A total of 198,946 shares of the company’s stock traded hands. This is down from average of 538,626 shares. Ladder Capital has a 52 week low of $11.01 and a 52 week high of $15.53. The company has a market cap of $1.51 billion and a P/E ratio of 18.4.
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