The stock of Ladder Capital Corp (NYSE:LADR) hit a new 52-week high and has $24.64 target or 69.00% above today’s $14.58 share price. The 9 months bullish chart indicates low risk for the $1.62 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $24.64 price target is reached, the company will be worth $1.12 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 85,427 shares traded hands. Ladder Capital Corp (NYSE:LADR) has risen 20.42% since April 19, 2016 and is uptrending. It has outperformed by 16.56% the S&P500.
Ladder Capital Corp (NYSE:LADR) Ratings Coverage
Out of 6 analysts covering Ladder Capital (NYSE:LADR), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Ladder Capital has been the topic of 12 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by FBR Capital on Friday, December 18. The company was maintained on Friday, November 6 by Deutsche Bank. Citigroup maintained the stock with “Neutral” rating in Wednesday, August 10 report. The rating was downgraded by Keefe Bruyette & Woods on Tuesday, February 23 to “Market Perform”. The company was downgraded on Friday, February 19 by Wells Fargo.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.03, from 1.06 in 2016Q1. The ratio fall, as 5 funds sold all Ladder Capital Corp shares owned while 29 reduced positions. 15 funds bought stakes while 21 increased positions. They now own 38.63 million shares or 1.51% less from 39.22 million shares in 2016Q1.
Millennium Limited Liability Com last reported 0% of its portfolio in the stock. Blackrock Group accumulated 0% or 11,508 shares. Schwab Charles Invest Management has 0% invested in the company for 153,330 shares. Great West Life Assurance Can accumulated 9,918 shares or 0% of the stock. Voya Invest Mgmt Limited Liability Company, a Georgia-based fund reported 12,119 shares. Omers Administration Corporation last reported 1.52% of its portfolio in the stock. Blackrock Institutional Tru Na holds 0% or 872,116 shares in its portfolio. Tower Rech Ltd Liability Co (Trc) last reported 0% of its portfolio in the stock. Susquehanna Gru Llp has invested 0% of its portfolio in Ladder Capital Corp (NYSE:LADR). Fmr Limited Liability Com has invested 0% of its portfolio in Ladder Capital Corp (NYSE:LADR). Glenhill Advisors Ltd Liability Corporation last reported 2.85% of its portfolio in the stock. Moreover, Royal Bancorporation Of Canada has 0% invested in Ladder Capital Corp (NYSE:LADR) for 32,402 shares. Barclays Plc holds 0% of its portfolio in Ladder Capital Corp (NYSE:LADR) for 1,113 shares. Menta holds 0.08% of its portfolio in Ladder Capital Corp (NYSE:LADR) for 45,311 shares. Bank Of America Corporation De holds 0% or 83,607 shares in its portfolio.
More important recent Ladder Capital Corp (NYSE:LADR) news were published by: Moodys.com which released: “Moody’s assigns a Ba2 corporate family rating to Ladder Capital Corp.” on May 10, 2016, also Businesswire.com published article titled: “Ladder Capital Corp to Report Third Quarter 2016 Results”, Businesswire.com published: “CORRECTING and REPLACING Ladder Capital Corp Reports Third Quarter 2016 Results” on November 03, 2016. More interesting news about Ladder Capital Corp (NYSE:LADR) was released by: Businesswire.com and their article: “Ladder Capital Corp Names Pamela McCormack as Chief Operating Officer and …” with publication date: March 10, 2016.
LADR Company Profile
Ladder Capital Corp, incorporated on May 21, 2013, is a commercial real estate finance company. The Company’s divisions 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). The securities segment comprises all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities. The real estate segment includes net leased properties, office buildings, a warehouse and condominium units. The Firm invests primarily in loans, securities and other interests in the United States commercial real estate, with a focus on senior secured assets.
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