KBW analyst Jade Rahmani maintained a Buy rating on Ladder Capital (LADR – Research Report) yesterday and set a price target of $12.50. The company’s shares closed yesterday at $10.80.
Rahmani covers the Real Estate sector, focusing on stocks such as Ladder Capital, Arbor Realty, and Blackstone Mortgage. According to TipRanks, Rahmani has an average return of 16.5% and a 75.74% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ladder Capital with a $12.13 average price target, representing a 12.31% upside. In a report released yesterday, JMP Securities also reiterated a Buy rating on the stock with a $12.50 price target.
Based on Ladder Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $31.32 million and a net profit of $19.24 million. In comparison, last year the company earned a revenue of $86.91 million and had a net profit of $59.55 million
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Ladder Capital (LADR) Company Description:
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.
