Ladder Capital (NYSE:LADR) Given New $12.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods raised the target price of Ladder Capital from $11.75 to $12.00, indicating a potential upside of 7.67% from its previous close.
• Ladder Capital received a shift in rating from Wall Street Zen, moving from a "sell" to a "hold" rating, with an overall consensus rating of "Moderate Buy."
• The company's earnings per share (EPS) for the last quarter was $0.23, surpassing the consensus estimate of $0.22, although revenue fell short of expectations at $56.26 million.
• Institutional investors hold 62.25% of Ladder Capital’s shares, with several firms increasing their stakes significantly in the recent quarter.

Ladder Capital (NYSE:LADR - Get Free Report) had its target price lifted by research analysts at Keefe, Bruyette & Woods from $11.75 to $12.00 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' target price would indicate a potential upside of 7.67% from the company's previous close.

Separately, Wall Street Zen raised Ladder Capital from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ladder Capital has a consensus rating of "Moderate Buy" and a consensus target price of $13.13.

Ladder Capital Price Performance

NYSE LADR opened at $11.15 on Friday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 3.33 and a beta of 1.00. The company has a debt-to-equity ratio of 1.83, a quick ratio of 48.71 and a current ratio of 48.72. The stock has a 50-day moving average of $10.75 and a 200 day moving average of $10.95. Ladder Capital has a one year low of $9.68 and a one year high of $12.48.

Ladder Capital (NYSE:LADR - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $56.26 million for the quarter, compared to analysts' expectations of $58.57 million. Ladder Capital had a return on equity of 7.82% and a net margin of 21.81%. During the same period last year, the firm posted $0.31 earnings per share. On average, sell-side analysts forecast that Ladder Capital will post 1.03 EPS for the current year.

Institutional Trading of Ladder Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its stake in Ladder Capital by 48.0% in the 4th quarter. HighTower Advisors LLC now owns 30,469 shares of the real estate investment trust's stock worth $341,000 after acquiring an additional 9,875 shares during the last quarter. Cibc World Markets Corp bought a new stake in Ladder Capital in the 4th quarter worth approximately $119,000. Teacher Retirement System of Texas grew its position in Ladder Capital by 6.9% in the 4th quarter. Teacher Retirement System of Texas now owns 87,663 shares of the real estate investment trust's stock valued at $981,000 after acquiring an additional 5,659 shares during the last quarter. Sei Investments Co. grew its position in Ladder Capital by 10.2% in the 4th quarter. Sei Investments Co. now owns 37,940 shares of the real estate investment trust's stock valued at $425,000 after acquiring an additional 3,510 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Ladder Capital in the 4th quarter valued at $249,000. Institutional investors own 62.25% of the company's stock.

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.

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