Ladder Capital Corp (LADR) : 5 analysts are covering Ladder Capital Corp (LADR) and their average rating on the stock is 1.8, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Ladder Capital Corp (LADR) : 3 Wall Street analysts covering Ladder Capital Corp (LADR) believe that the average level the stock could reach for the short term is $15.5. The maximum price target given is $18 and the minimum target for short term is around $14, hence the standard deviation is calculated at $1.8.
For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains its rating on Ladder Capital Corp (NYSE:LADR). The global brokerage major raises the current price target from $12 per share to $13 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on August 10, 2016.
Ladder Capital Corp (NYSE:LADR): The stock opened at $13.64 and touched an intraday high of $13.87 on Wednesday. During the day, the stock corrected to an intraday low of $13.61, however, the bulls stepped in and pushed the price higher to close in the green at $13.85 with a gain of 1.91% for the day. The total traded volume for the day was 381,132. The stock had closed at $13.59 in the previous trading session.
Ladder Capital Corp is a holding company. The Company is a real estate investment trust (REIT). 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. Its segments include loans, securities and real estate. It invests primarily in loans, securities and other interests in United States commercial real estate, with a focus on senior secured assets. The Companys Loans segment consists of conduit first mortgage loans, balance sheet first mortgage loans and other commercial real estate-related loans. Its Securities segment consists of commercial mortgage-backed securities (CMBS) Investments and United States Agency Securities Investments. Its Real Estate segment consists of commercial real estate properties and residential real estate.