In a report released today, Steven Delaney from JMP Securities reiterated a Buy rating on Ladder Capital (LADR – Research Report), with a price target of $13.50. The company’s shares closed last Thursday at $11.82.
According to TipRanks.com, Delaney is a 5-star analyst with an average return of 13.7% and a 63.2% success rate. Delaney covers the Financial sector, focusing on stocks such as Claros Mortgage Trust, Inc., Franklin BSP Realty Trust, and Broadmark Realty Capital.
Ladder Capital has an analyst consensus of Moderate Buy, with a price target consensus of $13.50, which is a 16.6% upside from current levels. In a report issued on July 18, Raymond James also maintained a Buy rating on the stock with a $13.50 price target.
Ladder Capital’s market cap is currently $1.47B and has a P/E ratio of 19.16.
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Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. It operates through the following segments: Loans, Securities, Real Estate, and Corporate and Other. The Loans segment includes mortgage loan receivables held for investment and mortgage loan receivables held for sale. The Securities segment comprises of all of the company’s activities related to commercial real estate securities, as well as investments in commercial mortgage-backed securities, United States agency securities, corporate bonds, and equity securities. The Real Estate segment consists of net leased properties, office buildings, a mobile home community, a warehouse, a shopping centre, and condominium units. The Corporate and Other segment represents the company’s investments in joint ventures, other asset management activities, and operating expenses. The company was founded by Pamela McCormack, Robert Perelman and Brian Harris on May 21, 2013 and is headquartered in New York, NY.
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