Ladder Capital Corp (LADR) Rating Reiterated by Keefe, Bruyette & Woods
Ladder Capital Corp (NASDAQ:LADR)‘s stock had its “buy” rating reiterated by research analysts at Keefe, Bruyette & Woods in a report issued on Friday. They currently have a $16.00 price objective on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 17.56% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut Ladder Capital Corp from a “hold” rating to a “sell” rating in a research report on Monday, September 4th. BidaskClub raised Ladder Capital Corp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $15.67.
Ladder Capital Corp (NASDAQ:LADR) remained flat at $13.61 during midday trading on Friday. 621,133 shares of the stock were exchanged. Ladder Capital Corp has a 12-month low of $12.14 and a 12-month high of $15.53. The firm has a market cap of $1.17 billion and a price-to-earnings ratio of 11.90. The stock has a 50-day moving average price of $13.52 and a 200-day moving average price of $13.96.
Ladder Capital Corp (NASDAQ:LADR) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.11. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. The firm had revenue of $52.10 million during the quarter, compared to analysts’ expectations of $76.60 million. During the same period in the previous year, the firm posted $0.32 EPS. Ladder Capital Corp’s revenue for the quarter was up 32.9% on a year-over-year basis. On average, analysts predict that Ladder Capital Corp will post $1.46 EPS for the current fiscal year.
In other Ladder Capital Corp news, CEO Brian Harris acquired 10,000 shares of the stock in a transaction dated Monday, August 21st. The stock was acquired at an average cost of $13.41 per share, with a total value of $134,100.00. Following the transaction, the chief executive officer now owns 544,558 shares in the company, valued at approximately $7,302,522.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Ladder Capital Corp during the 1st quarter worth about $110,000. Great West Life Assurance Co. Can boosted its position in shares of Ladder Capital Corp by 0.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 75 shares in the last quarter. Evercore Wealth Management LLC acquired a new position in shares of Ladder Capital Corp during the 2nd quarter worth about $134,000. BNP Paribas Arbitrage SA boosted its position in shares of Ladder Capital Corp by 833.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 9,106 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Ladder Capital Corp by 6.7% during the 1st quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 649 shares in the last quarter.
About Ladder Capital Corp
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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