Bank of America Increases Ladder Capital (NYSE:LADR) Price Target to $13.00

Ladder Capital (NYSE:LADR) had its target price boosted by research analysts at Bank of America from $11.00 to $13.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Bank of America‘s target price indicates a potential upside of 6.30% from the stock’s previous close.

A number of other research firms also recently weighed in on LADR. Wolfe Research started coverage on Ladder Capital in a report on Tuesday, June 25th. They issued an “outperform” rating and a $13.00 price objective for the company. JMP Securities increased their price target on Ladder Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. StockNews.com cut shares of Ladder Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. BTIG Research reissued a “buy” rating and set a $13.50 price objective on shares of Ladder Capital in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods cut their price objective 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 research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Ladder Capital Trading Up 0.7 %

Shares of LADR stock opened at $12.23 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 stock has a market cap of $1.55 billion, a P/E ratio of 16.09 and a beta of 1.94. The stock has a 50 day simple moving average of $11.36 and a 200 day simple moving average of $11.07. Ladder Capital has a 1 year low of $9.08 and a 1 year high of $12.48.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LADR. Principal Financial Group Inc. increased its holdings in shares of Ladder Capital by 137.0% in the first quarter. Principal Financial Group Inc. now owns 2,040,278 shares of the real estate investment trust’s stock worth $22,708,000 after purchasing an additional 1,179,494 shares during the period. Norges Bank bought a new position in shares of Ladder Capital in the fourth quarter worth $8,923,000. Jennison Associates LLC grew 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 worth $70,431,000 after acquiring an additional 397,817 shares in the last quarter. Wellington Management Group LLP grew 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 worth $23,619,000 after acquiring an additional 293,615 shares in the last quarter. Finally, Access Investment Management LLC purchased a new position in Ladder Capital in the fourth quarter worth $3,167,000. Institutional investors 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.