Ladder Capital Corp Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:LADR)
Shares of Ladder Capital Corp (NASDAQ:LADR) have earned a consensus rating of “Buy” from the eight brokerages that are covering the stock, Analyst Ratings News reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $20.55.
Ladder Capital Corp (NASDAQ:LADR) opened at 18.33 on Tuesday. Ladder Capital Corp has a 52 week low of $16.50 and a 52 week high of $19.98. The stock’s 50-day moving average is $18.21 and its 200-day moving average is $18.15. The company’s market cap is $927.4 million.
Ladder Capital Corp (NASDAQ:LADR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. Analysts expect that Ladder Capital Corp will post $1.50 EPS for the current fiscal year.
Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ladder Capital Corp in a research note on Wednesday, August 6th. They now have a $22.30 price target on the stock, up previously from $21.80.
Ladder Capital Corp is a commercial real estate finance company with a loan origination platform and an established national footprint.
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