Keefe, Bruyette & Woods Lowers Ladder Capital (NYSE:LADR) Price Target to $12.75

Ladder Capital (NYSE:LADR) had its price target cut by equities researchers at Keefe, Bruyette & Woods from $13.00 to $12.75 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 14.97% from the stock’s current price.

Separately, B. Riley raised Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ladder Capital presently has an average rating of “Buy” and an average target price of $13.29.

Ladder Capital Stock Up 1.0 %

Shares of NYSE:LADR opened at $11.09 on Tuesday. The firm has a 50 day simple moving average of $11.54 and a 200-day simple moving average of $11.63. Ladder Capital has a twelve month low of $10.10 and a twelve month high of $12.48. The company has a current ratio of 54.44, a quick ratio of 54.44 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $1.42 billion, a PE ratio of 14.59 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $128.64 million during the quarter, compared to analysts’ expectations of $60.85 million. Ladder Capital had a net margin of 18.90% and a return on equity of 9.14%. During the same period in the previous year, the company earned $0.28 earnings per share. On average, equities analysts predict that Ladder Capital will post 1.06 EPS for the current fiscal year.

Institutional Trading of Ladder Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC grew its stake in shares of Ladder Capital by 1.6% in the 3rd quarter. Jennison Associates LLC now owns 6,767,687 shares of the real estate investment trust’s stock valued at $78,505,000 after purchasing an additional 108,079 shares during the last quarter. State Street Corp grew its position in Ladder Capital by 1.9% in the 3rd quarter. State Street Corp now owns 2,994,537 shares of the real estate investment trust’s stock valued at $35,411,000 after buying an additional 54,598 shares during the last quarter. Geode Capital Management LLC increased its stake in Ladder Capital by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,699 shares of the real estate investment trust’s stock valued at $30,743,000 after buying an additional 8,178 shares during the period. Principal Financial Group Inc. raised its position in Ladder Capital by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,020,143 shares of the real estate investment trust’s stock worth $23,434,000 after buying an additional 96,573 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Ladder Capital by 1.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,640,319 shares of the real estate investment trust’s stock worth $19,028,000 after acquiring an additional 15,938 shares during the period. 62.25% of the stock is owned by hedge funds and other institutional investors.

Ladder Capital Company Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.