.jpg "Ladder Capital (NYSE: LADR)")
B.Riley FBR analyst Timothy P. Hayes reiterated a Buy rating on Ladder Capital (LADR) today and set a price target of $19. The company’s shares closed yesterday at $16.83.
Hayes observed:
“We reiterate our Buy rating and $19 price target on shares of Ladder Capital (LADR) following 2Q19 results that beat our estimate, generated a 12.5% ROAE, and handily covered the $0.34/ share quarterly dividend. Management continues to favor risk-adjusted returns in CMBS, vs. CRE bridge loans; as such, capital allocation remains skewed towards the securities portfolio. Management also highlighted that it may look to improve the balance sheet by issuing/ refinancing some of its borrowings at tighter spreads. As we move later into the credit cycle, we continue to favor companies with diversified investment platforms that can dynamically allocate capital to support earnings power. Therefore, we continue to view shares of LADR favorably and believe the company has the resources to consistently achieve double-digit ROEs.”
According to TipRanks.com, Hayes is a 4-star analyst with an average return of 7.2% and a 74.4% success rate. Hayes covers the Financial sector, focusing on stocks such as Fidus Investment Corporation, Ready Capital Corporation, and Saratoga Investment Corp.
Ladder Capital has an analyst consensus of Moderate Buy, with a price target consensus of $19.50.
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The company has a one-year high of $18.82 and a one-year low of $14.75. Currently, Ladder Capital has an average volume of 734.9K.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LADR in relation to earlier this year.
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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 and Real Estate. The Loans segment offers mortgage loan receivables held for investment and mortgage loan receivables held for sale.
