Keefe, Bruyette & Woods Issues Pessimistic Forecast for Ladder Capital (NYSE:LADR) Stock Price

Key Points

• Keefe, Bruyette & Woods lowered Ladder Capital’s price target from $10.75 to $10.25 while maintaining an “outperform” rating, implying 16.81% upside from the stock’s $8.78 price.
• Analyst sentiment remains generally positive, with four Buy ratings and three Holds producing a “Moderate Buy” consensus and an average target of $12.29.
• Ladder Capital reported quarterly EPS of $0.24, matching estimates, while institutional investors own 62.25% of the company and several major funds recently increased their positions.

Ladder Capital (NYSE:LADR - Get Free Report) had its price target decreased by stock analysts at Keefe, Bruyette & Woods from $10.75 to $10.25 in a research note issued on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 16.81% from the stock's current price.

A number of other equities research analysts also recently issued reports on LADR. Zacks Research upgraded shares of Ladder Capital from a "strong sell" rating to a "hold" rating in a research report on Monday. Bank of America reaffirmed a "neutral" rating and issued a $10.25 target price on shares of Ladder Capital in a research note on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ladder Capital in a research note on Friday, August 7th. Four research 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 has an average rating of "Moderate Buy" and a consensus target price of $12.29.

Ladder Capital Stock Performance

NYSE LADR traded down $0.07 during trading hours on Friday, hitting $8.78. 584,948 shares of the stock were exchanged, compared to its average volume of 988,773. The company has a quick ratio of 44.15, a current ratio of 44.15 and a debt-to-equity ratio of 2.81. The company has a market cap 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. Ladder Capital has a 12-month low of $8.48 and a 12-month high of $11.48. The stock has a 50-day moving average of $9.54 and a 200 day moving average of $9.87.

Ladder Capital (NYSE:LADR - Get Free Report) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analysts' expectations of $56.50 million. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, equities research analysts forecast that Ladder Capital will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in 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 acquiring an additional 1,596,839 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Ladder Capital by 473.9% in the first quarter. Kestra Advisory Services LLC now owns 309,011 shares of the real estate investment trust's stock valued at $3,019,000 after purchasing an additional 255,164 shares during the period. State Street Corp grew its holdings in Ladder Capital by 4.5% during the 2nd quarter. State Street Corp now owns 2,981,326 shares of the real estate investment trust's stock valued at $30,331,000 after purchasing an additional 129,665 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Ladder Capital by 10.4% during the 2nd 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 acquired a new position in Ladder Capital in the 1st quarter worth $791,000. 62.25% of the stock is owned by institutional investors and hedge funds.

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.

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