Ladder Capital (NYSE:LADR) PT Raised to $13.50 at JMP Securities

Ladder Capital (NYSE:LADR) had its target price lifted by equities researchers at JMP Securities from $12.50 to $13.50 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ price objective suggests a potential upside of 10.34% from the company’s previous close.

Other research analysts have also issued reports about the company. StockNews.com raised Ladder Capital from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 13th. BTIG Research reissued a “buy” rating and set a $13.50 target price on shares of Ladder Capital in a report on Friday, July 19th. Keefe, Bruyette & Woods reduced their target price on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. Finally, Wolfe Research assumed coverage on Ladder Capital in a report on Tuesday, June 25th. They set an “outperform” rating and a $13.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $13.00.

Ladder Capital Stock Up 0.9 %

LADR stock opened at $12.24 on Monday. The company has a current ratio of 88.40, a quick ratio of 88.41 and a debt-to-equity ratio of 2.41. The business’s 50 day simple moving average is $11.28 and its 200 day simple moving average is $11.04. Ladder Capital has a 1-year low of $9.08 and a 1-year high of $12.41. The firm has a market capitalization of $1.55 billion, a PE ratio of 16.10 and a beta of 1.94.

Institutional Trading of Ladder Capital

Several institutional investors and hedge funds have recently modified their holdings of LADR. Principal Financial Group Inc. lifted its position in shares of Ladder Capital by 137.0% during the 1st quarter. Principal Financial Group Inc. now owns 2,040,278 shares of the real estate investment trust’s stock worth $22,708,000 after buying an additional 1,179,494 shares during the last quarter. Norges Bank bought a new position in Ladder Capital in the fourth quarter valued at about $8,923,000. Jennison Associates LLC raised its position in Ladder Capital by 6.7% in the first quarter. Jennison Associates LLC now owns 6,328,026 shares of the real estate investment trust’s stock valued at $70,431,000 after purchasing an additional 397,817 shares during the last quarter. Wellington Management Group LLP raised its position in Ladder Capital by 16.7% in the fourth quarter. Wellington Management Group LLP now owns 2,051,999 shares of the real estate investment trust’s stock valued at $23,619,000 after purchasing an additional 293,615 shares during the last quarter. Finally, Access Investment Management LLC bought a new position in Ladder Capital in the fourth quarter valued at about $3,167,000. 62.25% of the stock is currently owned by 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.