Ladder Capital (NYSE:LADR) Price Target Cut to $12.00 by Analysts at Keefe, Bruyette & Woods

Ladder Capital (NYSE:LADR) had its price objective dropped by equities researchers at Keefe, Bruyette & Woods from $12.75 to $12.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 17.24% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of Ladder Capital from a “buy” rating to a “hold” rating in a report on Monday, February 24th. B. Riley raised Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.17.

Ladder Capital Stock Down 3.4 %

Shares of NYSE LADR opened at $10.24 on Monday. Ladder Capital has a 52-week low of $10.03 and a 52-week high of $12.48. The company’s 50 day moving average price is $11.52 and its 200-day moving average price is $11.48. The company has a market capitalization of $1.30 billion, a P/E ratio of 11.90 and a beta of 1.44. The company has a debt-to-equity ratio of 2.05, a quick ratio of 38.96 and a current ratio of 38.96.

Ladder Capital (NYSE:LADR) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a return on equity of 8.77% and a net margin of 21.36%. Equities analysts forecast that Ladder Capital will post 1.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in Ladder Capital during the first quarter worth about $38,000. Sterling Capital Management LLC raised its holdings in Ladder Capital by 816.1% during the 4th quarter. Sterling Capital Management LLC now owns 3,637 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 3,240 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of Ladder Capital during the fourth quarter worth $84,000. Janney Montgomery Scott LLC bought a new position in shares of Ladder Capital in the fourth quarter worth $112,000. Finally, Cibc World Markets Corp purchased a new position in shares of Ladder Capital in the fourth quarter valued at $119,000. Institutional investors own 62.25% of the company’s stock.

Ladder Capital Company Profile

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.