Ladder Capital (NYSE:LADR) Research coverage has begun at Bank of America

Investment analysts at Bank of America began to cover the shares of Scale capital (NYSE: LADRGet a rating) in a note released Monday to investors, Fly reports. The company has set a “neutral” rating on the shares of the real estate investment trust.

Several other research analysts have also weighed in on the company recently. TheStreet upgraded Ladder Capital from a “c” rating to a “b-” rating in a Friday, August 19 research report. StockNews.com purported coverage from Ladder Capital in a Wednesday, October 12 research note. They set a “buy” rating on the stock. One equity research analyst gave the stock a hold rating and three gave the company a buy rating. Based on MarketBeat data, Ladder Capital has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Laddered capital up 2.7%

NYSE: LADR opened at $10.62 on Monday. Ladder Capital has a 1-year low of $8.67 and a 1-year high of $12.69. The company has a current ratio of 89.45, a quick ratio of 89.45 and a debt ratio of 2.79. The stock has a market capitalization of $1.35 billion, a price-earnings ratio of 12.07 and a beta of 1.87. The stock has a 50-day moving average price of $10.36 and a two-hundred-day moving average price of $10.93.

Institutional Tiered Capital Trading

Several large investors have recently changed their positions in the company. Capital Analysts LLC acquired a new position in Ladder Capital during Q2, valued at approximately $27,000. Whittier Trust Co. purchased a new equity stake from Ladder Capital in Q2 for approximately $43,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Ladder Capital in Q3 for a value of approximately $61,000. Cetera Advisor Networks LLC purchased a new equity stake from Ladder Capital in Q2 for approximately $110,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in Ladder Capital by 13.0% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 11,475 shares of the real estate investment trust worth $136,000 after acquiring an additional 1,322 shares during the period. 60.20% of the shares are currently held by institutional investors and hedge funds.

About Ladder Capital

(Get a rating)

The Lending segment issues first mortgage loans that are secured by cash flow commercial real estate; and originates and invests in on-balance sheet first mortgages secured by commercial real estate in transition, including rental, sale and renovation or repositioning.

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