Ladder Capital Corp (NASDAQ:LADR)‘s stock had its “buy” rating reaffirmed by Keefe, Bruyette & Woods in a note issued to investors on Friday. They currently have a $16.00 price target on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 17.56% from the company’s previous close.

A number of other equities analysts have also recently weighed in on LADR. Zacks Investment Research raised Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub raised Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $15.67.

Shares of Ladder Capital Corp (NASDAQ:LADR) remained flat at $13.61 during mid-day trading on Friday. 621,133 shares of the company were exchanged. The company’s 50 day moving average is $13.52 and its 200 day moving average is $13.96. The firm has a market capitalization of $1.17 billion and a P/E ratio of 11.90. Ladder Capital Corp has a 12-month low of $12.14 and a 12-month high of $15.53.

Ladder Capital Corp (NASDAQ:LADR) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. The company had revenue of $52.10 million during the quarter, compared to analysts’ expectations of $76.60 million. Ladder Capital Corp had a return on equity of 3.93% and a net margin of 15.32%. Ladder Capital Corp’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. On average, equities research analysts predict that Ladder Capital Corp will post $1.46 earnings per share for the current year.

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In other Ladder Capital Corp news, CEO Brian Harris purchased 10,000 shares of Ladder Capital Corp stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of $13.41 per share, with a total value of $134,100.00. Following the acquisition, the chief executive officer now owns 544,558 shares of the company’s stock, valued at approximately $7,302,522.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Ladder Capital Corp during the first quarter valued at approximately $110,000. Evercore Wealth Management LLC acquired a new position in shares of Ladder Capital Corp during the second quarter valued at approximately $134,000. BNP Paribas Arbitrage SA raised its holdings in shares of Ladder Capital Corp by 833.1% during the second quarter. BNP Paribas Arbitrage SA now owns 10,199 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 9,106 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Ladder Capital Corp by 0.8% during the first quarter. Great West Life Assurance Co. Can now owns 9,993 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 75 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Ladder Capital Corp by 6.7% during the first quarter. Legal & General Group Plc now owns 10,278 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 649 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).

Analyst Recommendations for Ladder Capital Corp (NASDAQ:LADR)

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