Ladder Capital (NYSE:LADR) PT Lowered to $12.50 at Keefe, Bruyette & Woods

Ladder Capital (NYSE:LADR - Get Free Report) had its target price dropped by analysts at Keefe, Bruyette & Woods from $12.75 to $12.50 in a research report issued on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 19.56% from the company's current price.

Separately, TheStreet cut shares of Ladder Capital from a "b-" rating to a "c" rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $12.63.

Ladder Capital Stock Down 5.0 %

Shares of NYSE LADR traded down $0.55 during midday trading on Wednesday, hitting $10.46. The company's stock had a trading volume of 898,425 shares, compared to its average volume of 650,277. The business's fifty day simple moving average is $10.81 and its two-hundred day simple moving average is $10.82. The company has a debt-to-equity ratio of 2.47, a current ratio of 64.38 and a quick ratio of 64.38. Ladder Capital has a 1 year low of $8.84 and a 1 year high of $12.00. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.91 and a beta of 1.92.

Ladder Capital (NYSE:LADR - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Ladder Capital had a net margin of 18.92% and a return on equity of 9.70%. The business had revenue of $121.27 million during the quarter, compared to analyst estimates of $63.22 million. During the same quarter last year, the firm posted $0.28 earnings per share. On average, equities analysts predict that Ladder Capital will post 1.13 EPS for the current year.

Hedge Funds Weigh In On Ladder Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Ladder Capital during the 4th quarter worth $10,883,000. Millennium Management LLC boosted its position in shares of Ladder Capital by 233.4% in the 2nd quarter. Millennium Management LLC now owns 1,498,869 shares of the real estate investment trust's stock worth $15,798,000 after buying an additional 1,049,301 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Ladder Capital by 1,329.3% in the 1st quarter. Royal Bank of Canada now owns 1,062,319 shares of the real estate investment trust's stock worth $12,610,000 after buying an additional 987,995 shares in the last quarter. Melia Wealth LLC purchased a new stake in shares of Ladder Capital in the 4th quarter worth about $9,320,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Ladder Capital by 19.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,487,417 shares of the real estate investment trust's stock worth $37,838,000 after buying an additional 566,610 shares in the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

About Ladder Capital

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.