Keefe, Bruyette & Woods Reaffirms Buy Rating for Ladder Capital Corp (LADR)
Ladder Capital Corp (NASDAQ:LADR)‘s stock had its “buy” rating restated by analysts at Keefe, Bruyette & Woods in a research note issued on Friday. They currently have a $16.00 price target on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 18.17% from the stock’s previous close.
Separately, Zacks Investment Research cut Ladder Capital Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.67.
Shares of Ladder Capital Corp (NASDAQ:LADR) traded down 0.29% during mid-day trading on Friday, reaching $13.54. 572,691 shares of the company’s stock traded hands. The firm has a market cap of $1.17 billion and a price-to-earnings ratio of 11.84. Ladder Capital Corp has a one year low of $12.14 and a one year high of $15.53. The firm’s 50-day moving average is $13.33 and its 200 day moving average is $14.03.
Ladder Capital Corp (NASDAQ:LADR) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.11. Ladder Capital Corp had a return on equity of 5.35% and a net margin of 22.29%. The business had revenue of $52.10 million during the quarter, compared to analysts’ expectations of $76.60 million. During the same quarter last year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. Analysts predict that Ladder Capital Corp will post $1.43 earnings per share for the current year.
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A number of hedge funds have recently modified their holdings of LADR. BlackRock Inc. raised its stake in shares of Ladder Capital Corp by 44.3% in the second quarter. BlackRock Inc. now owns 7,115,233 shares of the real estate investment trust’s stock worth $95,416,000 after buying an additional 2,183,991 shares during the last quarter. FMR LLC raised its stake in shares of Ladder Capital Corp by 37.6% in the first quarter. FMR LLC now owns 3,109,299 shares of the real estate investment trust’s stock worth $44,899,000 after buying an additional 850,281 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ladder Capital Corp by 14.3% in the second quarter. Vanguard Group Inc. now owns 5,701,594 shares of the real estate investment trust’s stock worth $76,459,000 after buying an additional 712,583 shares during the last quarter. Global X Management Co. LLC acquired a new stake in shares of Ladder Capital Corp during the first quarter worth about $9,008,000. Finally, UBS Group AG raised its stake in shares of Ladder Capital Corp by 96.2% in the first quarter. UBS Group AG now owns 1,259,701 shares of the real estate investment trust’s stock worth $18,190,000 after buying an additional 617,751 shares during the last quarter.
About Ladder Capital Corp
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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