Ladder Capital (NYSE:LADR) Price Target Raised to $14.00 at B. Riley

Ladder Capital (NYSE:LADR) had its price target lifted by equities research analysts at B. Riley from $13.00 to $14.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price would suggest a potential upside of 15.23% from the company’s previous close. B. Riley also issued estimates for Ladder Capital’s Q3 2024 earnings at $0.31 EPS and FY2024 earnings at $1.15 EPS.

A number of other equities analysts have also weighed in on the company. BTIG Research reiterated a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a research report on Friday, July 19th. StockNews.com cut Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday. JMP Securities lifted their price objective on Ladder Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. Bank of America upped their price objective on shares of Ladder Capital from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods cut their price target on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 10th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.25.

Ladder Capital Stock Down 0.4 %

LADR traded down $0.05 on Monday, reaching $12.15. The company’s stock had a trading volume of 174,252 shares, compared to its average volume of 593,011. The company has a quick ratio of 88.41, a current ratio of 88.40 and a debt-to-equity ratio of 2.41. Ladder Capital has a fifty-two week low of $9.08 and a fifty-two week high of $12.48. The stock has a 50 day moving average of $11.34 and a two-hundred day moving average of $11.06. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 16.04 and a beta of 1.94.

Ladder Capital (NYSE:LADR) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. Ladder Capital had a net margin of 19.07% and a return on equity of 9.16%. The firm had revenue of $71.67 million during the quarter, compared to the consensus estimate of $71.22 million. During the same period last year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts forecast that Ladder Capital will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Ladder Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Ladder Capital by 15.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 943,885 shares of the real estate investment trust’s stock valued at $10,505,000 after purchasing an additional 123,920 shares during the period. Vanguard Group Inc. boosted its stake in Ladder Capital by 0.5% in the third quarter. Vanguard Group Inc. now owns 11,124,634 shares of the real estate investment trust’s stock valued at $114,139,000 after acquiring an additional 49,885 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ladder Capital by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,536,199 shares of the real estate investment trust’s stock worth $17,682,000 after purchasing an additional 19,327 shares during the period. Raymond James & Associates lifted its stake in Ladder Capital by 8.3% in the fourth quarter. Raymond James & Associates now owns 824,084 shares of the real estate investment trust’s stock valued at $9,485,000 after purchasing an additional 63,299 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Ladder Capital by 16.7% during 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 period. 62.25% of the stock is owned by hedge funds and other institutional investors.

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.