Research analysts at Wolfe Research started coverage on shares of Ladder Capital (NYSE:LADR – Get Free Report) 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.
View Our Latest Stock Report on LADR
Ladder Capital Stock Performance
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.
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