In a report released today, Timothy P. Hayes from B.Riley FBR downgraded Ladder Capital (LADR) to Hold, with a price target of $7.50. The company’s shares closed last Thursday at $4.57, close to its 52-week low of $2.66.
According to TipRanks.com, Hayes is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -26.6% and a 36.3% success rate. Hayes covers the Financial sector, focusing on stocks such as Cherry Hill Mortgage, Ellington Financial, and Saratoga Investment.
Currently, the analyst consensus on Ladder Capital is a Moderate Buy with an average price target of $14.83.
See today’s analyst top recommended stocks >>
Ladder Capital’s market cap is currently $552.9M and has a P/E ratio of 4.00. The company has a Price to Book ratio of 0.43.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate, and Corporate and Other. The Loans segment includes mortgage loan receivables held for investment and mortgage loan receivables held for sale. The Securities segment comprises of all of the company’s activities related to commercial real estate securities, as well as investments in commercial mortgage-backed securities, United States agency securities, corporate bonds, and equity securities. The Real Estate segment consists of net leased properties, office buildings, a mobile home community, a warehouse, a shopping centre, and condominium units. The Corporate and Other segment represents the company’s investments in joint ventures, other asset management activities, and operating expenses. The company was founded by Pamela McCormack, Robert Perelman and Brian Harris on May 21, 2013 and is headquartered in New York, NY.
Read More on LADR:
