Ladder Capital price target raised to $12.50 from $10 at BTIG

BTIG analyst Sarah Barcomb raised the firm’s price target on Ladder Capital to $12.50 from $10 and keeps a Buy rating on the shares ahead of the start of the earnings season among mortgage REITs. Higher Current Expected Credit Losses reserves with limited realized losses potentially suggests that warehouse providers are also incentivized to “kick the can down the road,” the analyst tells investors in a research note. The firm adds that its higher price target on the stock reflects its 7.4% dividend yield.