Ladder Capital (NYSE:LADR) Stock Price Target Lowered at Keefe, Bruyette & Woods

Ladder Capital (NYSE:LADR) had its target price lowered by equities researchers at Keefe, Bruyette & Woods from $10.75 to $10.25 in a research note issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 16.81% from the company’s previous close.

A number of other research firms also recently commented on LADR. Zacks Research upgraded shares of Ladder Capital from a “strong sell” rating to a “hold” rating in a research note on Monday. Bank of America reaffirmed a “neutral” rating and set a $10.25 target price on shares of Ladder Capital in a report on Wednesday, July 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ladder Capital in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Ladder Capital presently has a consensus rating of “Moderate Buy” and an average price target of $12.29.

Ladder Capital Stock Down 0.8%

LADR stock traded down $0.07 during midday trading on Friday, hitting $8.78. 584,948 shares of the company’s stock were exchanged, compared to its average volume of 988,773. The firm has a 50 day moving average price of $9.54 and a 200-day moving average price of $9.87. Ladder Capital has a 12-month low of $8.48 and a 12-month high of $11.48. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. The company has a current ratio of 44.15, a quick ratio of 44.15 and a debt-to-equity ratio of 2.81.

Ladder Capital (NYSE:LADR) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Ladder Capital had a return on equity of 5.92% and a net margin of 12.62%.The company had revenue of $57.76 million during the quarter, compared to analysts’ expectations of $56.50 million. During the same period in the prior year, the business posted $0.23 EPS. On average, analysts anticipate that Ladder Capital will post 0.73 EPS for the current year.

Hedge Funds Weigh In On Ladder Capital

Several institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in shares of Ladder Capital by 80.5% in the 2nd quarter. Wellington Management Group LLP now owns 3,580,178 shares of the real estate investment trust’s stock worth $35,623,000 after purchasing an additional 1,596,839 shares during the last quarter. Kestra Advisory Services LLC grew its stake in Ladder Capital by 473.9% during the 1st quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust’s stock worth $3,019,000 after buying an additional 255,164 shares during the last quarter. State Street Corp increased its position in Ladder Capital by 4.5% in the second quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust’s stock worth $30,331,000 after buying an additional 129,665 shares during the period. Allianz Asset Management GmbH increased its position in Ladder Capital by 10.4% in the second quarter. Allianz Asset Management GmbH now owns 1,027,255 shares of the real estate investment trust’s stock worth $10,221,000 after buying an additional 97,147 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Ladder Capital in the first quarter valued at $791,000. 62.25% of the stock is owned by institutional investors.

About Ladder Capital

Ladder Capital Corp. is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, investing in and managing a diversified portfolio of commercial real estate assets and investments. Its activities are primarily concentrated in the United States.

Ladder Capital’s platform includes commercial mortgage loans, commercial mortgage-backed securities and other commercial real estate-related investments. The company also owns and manages commercial real estate properties, including assets that can generate rental income through net lease arrangements.