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

Ladder Capital (NYSE:LADR) had its target price upped by equities research analysts at B. Riley from $13.00 to $14.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s price objective points to a potential upside of 15.23% from the stock’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.

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

Ladder Capital Stock Down 0.4 %

Shares of LADR traded down $0.05 during trading hours on Monday, reaching $12.15. 174,252 shares of the stock traded hands, compared to its average volume of 593,011. Ladder Capital has a 52 week low of $9.08 and a 52 week high of $12.48. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 16.04 and a beta of 1.94. The stock has a fifty day simple moving average of $11.34 and a 200 day simple moving average of $11.06. The company has a current ratio of 88.40, a quick ratio of 88.41 and a debt-to-equity ratio of 2.41.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LADR. Principal Financial Group Inc. lifted its stake in shares of Ladder Capital by 137.0% in the 1st quarter. Principal Financial Group Inc. now owns 2,040,278 shares of the real estate investment trust’s stock valued at $22,708,000 after acquiring an additional 1,179,494 shares during the last quarter. Norges Bank purchased a new stake in shares of Ladder Capital during the fourth quarter valued at approximately $8,923,000. Jennison Associates LLC grew its holdings in shares of 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 worth $70,431,000 after purchasing an additional 397,817 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of 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 worth $23,619,000 after buying an additional 293,615 shares during the period. Finally, Access Investment Management LLC bought a new stake in Ladder Capital during the 4th quarter valued at $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.