Ladder Capital (NYSE:LADR) Research Coverage Started at Wolfe Research

Research analysts at Wolfe Research started coverage on shares of Ladder Capital (NYSE:LADR) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $13.00 price target on the real estate investment trust’s stock. Wolfe Research’s price objective would suggest a potential upside of 15.40% from the company’s previous close.

Separately, Keefe, Bruyette & Woods lowered their price objective 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ladder Capital currently has a consensus rating of “Buy” and a consensus target price of $12.70.

Ladder Capital Stock Performance

NYSE:LADR opened at $11.27 on Tuesday. Ladder Capital has a twelve month low of $9.08 and a twelve month high of $12.00. The company has a market cap of $1.43 billion, a P/E ratio of 14.82 and a beta of 1.92. 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 company’s 50-day moving average price is $10.99 and its 200-day moving average price is $11.04.

Institutional Investors Weigh In On Ladder Capital

Large investors have recently added to or reduced their stakes in the business. Boston Partners acquired a new stake in Ladder Capital in the 1st quarter valued at about $787,000. Cetera Advisors LLC increased its stake in shares of Ladder Capital by 12.8% during the first quarter. Cetera Advisors LLC now owns 27,936 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 3,161 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Ladder Capital by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 59,886 shares of the real estate investment trust’s stock valued at $667,000 after acquiring an additional 4,063 shares in the last quarter. Vanguard Group Inc. lifted its stake in Ladder Capital by 0.3% in the first quarter. Vanguard Group Inc. now owns 11,234,757 shares of the real estate investment trust’s stock worth $125,043,000 after acquiring an additional 28,602 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Ladder Capital by 8.5% in the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 1,602 shares during the last quarter. 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.