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

Ladder Capital (NYSE:LADR) had its price objective lowered by equities researchers at Keefe, Bruyette & Woods from $13.00 to $12.75 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 14.97% from the stock’s current price.

Separately, B. Riley upgraded Ladder Capital to a “strong-buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $13.29.

Ladder Capital Price Performance

Ladder Capital stock opened at $11.09 on Tuesday. The company’s 50 day simple moving average is $11.54 and its 200-day simple moving average is $11.63. The company has a debt-to-equity ratio of 2.34, a quick ratio of 54.44 and a current ratio of 54.44. Ladder Capital has a 1 year low of $10.10 and a 1 year high of $12.48. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 14.59 and a beta of 1.92.

Ladder Capital (NYSE:LADR) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Ladder Capital had a return on equity of 9.14% and a net margin of 18.90%. The company had revenue of $128.64 million for the quarter, compared to analyst estimates of $60.85 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. As a group, equities research analysts expect that Ladder Capital will post 1.06 earnings per share for the current year.

Institutional Investors Weigh In On Ladder Capital

A number of hedge funds have recently bought and sold shares of the stock. Quest Partners LLC increased its stake in shares of Ladder Capital by 13,513.5% during the third quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 7,027 shares during the period. Quarry LP grew its holdings in Ladder Capital by 1,832.9% during the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 7,698 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Ladder Capital in the 2nd quarter valued at $128,000. Algert Global LLC acquired a new stake in shares of Ladder Capital in the 2nd quarter valued at $130,000. Finally, HB Wealth Management LLC lifted its position in shares of Ladder Capital by 13.4% during the 4th quarter. HB Wealth Management LLC now owns 17,011 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 2,011 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

About Ladder Capital

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.