Ladder Capital Receives a Buy from JMP Securities

By Austin Angelo

JMP Securities analyst Steven Delaney reiterated a Buy rating on Ladder Capital (NYSE: LADR) today. The company’s shares opened today at $13.15.

According to TipRanks.com, Delaney is a 4-star analyst with an average return of 5.8% and a 74.3% success rate. Delaney covers the Financial sector, focusing on stocks such as New York Mortgage Trust, Starwood Property Trust, and Owens Realty Mortgage.

Ladder Capital has an analyst consensus of Moderate Buy, with a price target consensus of $14.

The company has a one year high of $14.40 and a one year low of $8.64. Currently, Ladder Capital has an average volume of 207.8K.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LADR in relation to earlier this year.

Ladder Capital Corp. operates as a holding company, which engages in commercial real estate finance services. The company invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. It operates three business lines: commercial mortgage lending, investments in securities secured by first mortgage loans, and investments in selected net leased and other commercial real estate assets. Ladder Capital was founded on May 21, 2013 and is headquartered in New York, NY.