Keefe, Bruyette & Woods Cuts Ladder Capital (NYSE:LADR) Price Target to $11.00

Ladder Capital (NYSE:LADR) had its price objective reduced by Keefe, Bruyette & Woods from $11.50 to $11.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 13.58% from the company’s current price.

LADR has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ladder Capital in a research note on Friday, March 27th. Susquehanna set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. Citigroup reaffirmed a “market outperform” rating on shares of Ladder Capital in a research note on Wednesday, January 21st. BTIG Research reaffirmed a “buy” rating and issued a $13.50 price target on shares of Ladder Capital in a research note on Monday, February 2nd. Finally, Capital One Financial set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.75.

Ladder Capital Trading Down 1.0%

LADR opened at $9.69 on Wednesday. Ladder Capital has a 1-year low of $9.61 and a 1-year high of $11.92. The company has a current ratio of 29.65, a quick ratio of 29.65 and a debt-to-equity ratio of 2.37. The company has a market cap of $1.23 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 0.73 and a beta of 1.00. The company has a fifty day moving average price of $10.26 and a two-hundred day moving average price of $10.70.

Institutional Investors Weigh In On Ladder Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its position in shares of Ladder Capital by 2.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 67,881 shares of the real estate investment trust’s stock worth $746,000 after acquiring an additional 1,851 shares in the last quarter. Ruggaard & Associates LLC increased its position in shares of Ladder Capital by 3.6% during the fourth quarter. Ruggaard & Associates LLC now owns 45,738 shares of the real estate investment trust’s stock worth $503,000 after acquiring an additional 1,600 shares in the last quarter. VARCOV Co. bought a new stake in shares of Ladder Capital during the fourth quarter worth about $203,000. Millennium Management LLC increased its position in shares of Ladder Capital by 261.0% during the fourth quarter. Millennium Management LLC now owns 229,520 shares of the real estate investment trust’s stock worth $2,522,000 after acquiring an additional 165,938 shares in the last quarter. Finally, Asset One Wealth Management LLC bought a new stake in shares of Ladder Capital during the fourth quarter worth about $181,000. 62.25% of the stock is owned by institutional investors.

About Ladder Capital

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.