BTIG Research Reaffirms “Buy” Rating for Ladder Capital (NYSE:LADR)

Ladder Capital (NYSE:LADR)‘s stock had its “buy” rating reiterated by BTIG Research in a research report issued on Monday,Benzinga reports. They presently have a $13.50 price target on the real estate investment trust’s stock. BTIG Research’s price target would suggest a potential upside of 24.25% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Capital One Financial set a $13.00 target price on Ladder Capital in a report on Wednesday, January 21st. B. Riley assumed coverage on Ladder Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $13.00 price objective on the stock. Susquehanna set a $13.00 price objective on Ladder Capital in a report on Wednesday, January 21st. Wall Street Zen lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. Finally, HSBC set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.92.

Ladder Capital Price Performance

Shares of NYSE:LADR opened at $10.87 on Monday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 6.97 and a beta of 1.01. The firm has a fifty day moving average price of $11.11 and a 200 day moving average price of $11.06. Ladder Capital has a fifty-two week low of $9.68 and a fifty-two week high of $11.92. The company has a debt-to-equity ratio of 2.01, a quick ratio of 35.60 and a current ratio of 35.60.

Hedge Funds Weigh In On Ladder Capital

Several hedge funds have recently added to or reduced their stakes in LADR. M&T Bank Corp purchased a new stake in Ladder Capital in the fourth quarter worth $7,943,000. Adage Capital Partners GP L.L.C. bought a new position in shares of Ladder Capital in the second quarter worth about $6,289,000. Russell Investments Group Ltd. increased its stake in Ladder Capital by 148.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 923,588 shares of the real estate investment trust’s stock worth $10,076,000 after buying an additional 551,478 shares during the period. Jennison Associates LLC increased its stake in Ladder Capital by 7.7% in the 2nd quarter. Jennison Associates LLC now owns 7,493,528 shares of the real estate investment trust’s stock worth $80,555,000 after buying an additional 538,147 shares during the period. Finally, Susquehanna Advisors Group Inc. bought a new stake in Ladder Capital during the 3rd quarter valued at about $4,360,000. 62.25% of the stock is currently owned by institutional investors.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.