Keefe, Bruyette & Woods Has Lowered Expectations for Ladder Capital (NYSE:LADR) Stock Price

Ladder Capital (NYSE:LADR) had its price target reduced by Keefe, Bruyette & Woods from $12.75 to $12.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 20.06% from the company’s previous close.

A number of other brokerages have also recently weighed in on LADR. B. Riley upgraded Ladder Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. StockNews.com cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ladder Capital currently has a consensus rating of “Moderate Buy” and an average price target of $13.17.

Ladder Capital Trading Down 1.5 %

Shares of LADR opened at $10.00 on Monday. Ladder Capital has a twelve month low of $9.91 and a twelve month high of $12.48. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $1.27 billion, a P/E ratio of 11.62 and a beta of 1.44. The firm’s 50-day moving average is $11.45 and its two-hundred day moving average is $11.44.

Ladder Capital (NYSE:LADR) last released its quarterly 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%. On average, research analysts predict that Ladder Capital will post 1.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ladder Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in shares of Ladder Capital during the first quarter valued at approximately $38,000. Sterling Capital Management LLC lifted its stake in shares of 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 worth $41,000 after purchasing an additional 3,240 shares during the period. TD Waterhouse Canada Inc. purchased a new position in shares of Ladder Capital during the 4th quarter worth $84,000. Janney Montgomery Scott LLC acquired a new stake in shares of Ladder Capital during the fourth quarter worth $112,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Ladder Capital in the fourth quarter valued at $119,000. 62.25% of the stock is currently owned by hedge funds and other institutional investors.

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.