Wolfe Research Initiates Coverage on Ladder Capital (NYSE:LADR)

Wolfe Research started coverage on shares of Ladder Capital (NYSE:LADR) in a research note issued on Tuesday, Marketbeat.com reports. The firm set an “outperform” rating and a $13.00 price target on the real estate investment trust’s stock. Wolfe Research’s target price would indicate a potential upside of 13.94% from the company’s previous close.

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $12.70.

Ladder Capital Price Performance

NYSE:LADR opened at $11.41 on Tuesday. Ladder Capital has a one year low of $9.08 and a one year high of $12.00. The stock has a market cap of $1.44 billion, a PE ratio of 15.01 and a beta of 1.92. The company has a debt-to-equity ratio of 2.41, a quick ratio of 88.41 and a current ratio of 88.40. The stock has a 50 day moving average price of $11.04 and a 200 day moving average price of $11.05.

Institutional Trading of Ladder Capital

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Ladder Capital by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 11,124,634 shares of the real estate investment trust’s stock worth $114,139,000 after buying an additional 49,885 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Ladder Capital by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,536,199 shares of the real estate investment trust’s stock worth $17,682,000 after acquiring an additional 19,327 shares during the last quarter. Raymond James & Associates grew its holdings in Ladder Capital by 8.3% in the fourth quarter. Raymond James & Associates now owns 824,084 shares of the real estate investment trust’s stock valued at $9,485,000 after purchasing an additional 63,299 shares during the period. Nisa Investment Advisors LLC grew its holdings in Ladder Capital by 16.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 93,022 shares of the real estate investment trust’s stock valued at $1,071,000 after purchasing an additional 13,152 shares during the period. Finally, Quest Partners LLC acquired a new position in Ladder Capital during the fourth quarter worth approximately $186,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

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.