In yesterday’s Wall Street session, Ladder Capital Corp (NYSE:LADR) shares traded at $11.01, up 0.27% from the previous session.
As of this writing, 6 analysts cover Ladder Capital Corp (NYSE:LADR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.50 and a low of $10.50, we find $12.00. Given the previous closing price of $10.98, this indicates a potential upside of 9.29 percent. LADR stock price is now 7.36% away from the 50-day moving average and 7.23% away from the 200-day moving average. The market capitalization of the company currently stands at $1.40B.
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There are 1 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $11.65 as their price target over the next twelve months.
With the price target enhanced from $12 to $12.50, Raymond James Downgraded its rating from Strong Buy to Outperform for Ladder Capital Corp (NYSE: LADR).
Insiders disposed of 306,883 shares of company stock worth roughly $3.38 million over the past 1 year. A total of 11.26% of the company’s stock is owned by insiders.
Wednesday morning saw Ladder Capital Corp (NYSE: LADR) opened at $11.09. During the past 12 months, Ladder Capital Corp has had a low of $8.76 and a high of $11.77. The fifty day moving average price for LADR is $10.26 and a two-hundred day moving average price translates $10.27 for the stock.
The latest earnings results from Ladder Capital Corp (NYSE: LADR) was released for Sep, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.29 by 0.02. This compares to $0.23 EPS in the same period last year. The net profit margin was 24.37% and return on equity was 9.30% for LADR. The company reported revenue of $38.83 million for the quarter, compared to $28.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.42 percent. For the current quarter, analysts expect LADR to generate $97.7M in revenue.
