Analysis: Ladder Capital (NYSE:LADR) Stock Target Raised Today
In a recent research report issued by KBW on 11 December, the firm, Ladder Capital (NYSE:LADR), had their target price cut to $17.00. Analusts presently have a solid “Outperform” rating on the stock.
From a total of 7 analysts covering Ladder Capital (NYSE:LADR) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is $22.5 while the lowest target price is $14. The mean of all analyst targets is $19.21 with a 68.19% above today’s ($12.04) stock price. Ladder Capital was the topic of 4 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 6 with “Buy” rating.
Approximately 70,373 shares of stock traded hands. Ladder Capital Corp (NYSE:LADR) has declined 31.35% since May 8, 2015 and is downtrending. It has underperformed by 28.33% the S&P500.
The overall sentiment of institutions has decreased to 1.57 in Q2 2015. Its down 0.72, from 2.29 in 2015Q2. The ratio is negative, as 10 institutions have sold all the shares of Ladder Capital Corp that they owned while 20 funds have taken shares off the table. 12 funds have purchased shares for the first time while 35 added to their positions. These institutions now hold 36.79 million shares or 1.37% more than the 36.29 million shares they owned in 2015Q2.
The Fund Glenhill Advisors Llc currently is holding shares equating to 2.36% of its total portfolio in Ladder Capital Corp representing a total of 2.10 million shares. Another fund,Omers Administration Corp, is holding a total of 5.50 million shares equating to 2.3% of their holdings. Additionally, Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corp has a 11.13 million share stake in Ladder Capital Corp which represents 1.85% of their total portfolio. The Fund, Consector Capital Lp, based out of New York, has also built up a stake in the stock, which represents a total of 1.37% of their total portfolio. Finally Forward Management Llc, a fund which is based in the state of California reported a total holdings of 675,000 shares.
Insider activity is a very important aspect to track on any stock. Going back to June 30, 2015, shareholders of Ladder Capital Corp have witnessed 0 buys, and a total of 2 sales equating to a net activity of approximately $674,127 . Mazzei Michael sold 2,100 shares worth approximately $38,367. Fox Marc sold 36,000 shares worth approximately $635,760.
Ladder Capital Corp is a holding company. The company has a market cap of $1.21 billion. The Firm is a real estate investment trust . It has 13.8 P/E ratio. It conducts its business through three business lines: commercial mortgage lending, investments in securities secured by first mortgage loans, and investments in selected net leased and other real estate assets.
According to Zacks Investment Research, “Ladder Capital Corp is a commercial real estate finance company. The Company operates in three segments: Loans, Securities and Real Estate. It focused on midmarket senior secured commercial real estate first mortgage loans, investment grade-rated securities secured by first mortgage loans on commercial real estate and investing in net leased and other commercial real estate. The company also provides services of the commercial real estate industry which includes origination, credit, underwriting, structuring, capital markets and asset management. Ladder Capital Corp is headquartered in New York City.” Get a free copy of the Zacks research report on Ladder Capital Corp (LADR).