Keefe, Bruyette & Woods Cuts Ladder Capital (NYSE:LADR) Price Target to $10.75

Ladder Capital (NYSE:LADR) had its price target cut by research analysts at Keefe, Bruyette & Woods from $11.00 to $10.75 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 10.67% from the company’s previous close.

A number of other equities analysts have also recently issued reports on LADR. Weiss Ratings cut shares of Ladder Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Wall Street Zen upgraded shares of Ladder Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.71.

Ladder Capital Price Performance

Ladder Capital stock opened at $9.71 on Tuesday. The business’s 50-day simple moving average is $10.04 and its 200 day simple moving average is $10.25. The company has a quick ratio of 58.90, a current ratio of 58.90 and a debt-to-equity ratio of 2.79. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 0.90 and a beta of 0.95. Ladder Capital has a 12-month low of $9.43 and a 12-month high of $11.92.

Ladder Capital (NYSE:LADR) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Ladder Capital had a return on equity of 5.87% and a net margin of 12.62%.The firm had revenue of $57.76 million during the quarter, compared to analysts’ expectations of $56.50 million. During the same period in the previous year, the business posted $0.23 EPS. As a group, research analysts anticipate that Ladder Capital will post 0.75 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Robert Perelman sold 17,505 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $10.25, for a total transaction of $179,426.25. Following the transaction, the insider directly owned 428,684 shares in the company, valued at approximately $4,394,011. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Handelsbanken Fonder AB lifted its holdings in shares of Ladder Capital by 3.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 54,200 shares of the real estate investment trust’s stock worth $539,000 after acquiring an additional 2,000 shares during the period. Empowered Funds LLC acquired a new position in Ladder Capital during the first quarter worth approximately $224,000. Access Investment Management LLC raised its stake in Ladder Capital by 9.9% during the first quarter. Access Investment Management LLC now owns 483,796 shares of the real estate investment trust’s stock worth $4,727,000 after purchasing an additional 43,412 shares during the period. Bank of America Corp DE boosted its holdings in shares of Ladder Capital by 6.5% in the 1st quarter. Bank of America Corp DE now owns 460,298 shares of the real estate investment trust’s stock valued at $4,497,000 after purchasing an additional 28,221 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in shares of Ladder Capital by 21.0% in the 1st quarter. Edgestream Partners L.P. now owns 307,558 shares of the real estate investment trust’s stock valued at $3,005,000 after purchasing an additional 53,478 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Ladder Capital Company Profile

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.