Ladder Capital price target raised to $12.75 from $12.25 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on Ladder Capital to $12.75 from $12.25 and keeps an Outperform rating on the shares. Attractive CRE lending opportunities will emerge upon market recovery in the second half of FY24 through 2025 due to fewer capital providers than pre- correction, the analyst tells investors in a research note. Potential catalysts driving Ladder Capital stock include a strategic shift towards capital deployment and a dividend increase as the company is currently out-earning by 25%-40%, the firm added.