Ladder Capital Receives a Buy from J.P. Morgan

By Carrie Williams

J.P. Morgan analyst Richard Shane reiterated a Buy rating on Ladder Capital (NYSE: LADR) today and set a price target of $14.50. The company’s shares opened today at $13.15.

According to TipRanks.com, Shane is a 4-star analyst with an average return of 5.3% and a 66.7% success rate. Shane covers the Financial sector, focusing on stocks such as Pennantpark Investment Corp., BlackRock Capital Investment, and Discover Financial Services.

Currently, the analyst consensus on Ladder Capital is Moderate Buy and the average price target is $14.50, representing a 10.3% upside.

In a report released today, JMP Securities also reiterated a Buy rating on the stock.

Ladder Capital’s market cap is currently $819.7M and has a P/E ratio of 24.96. The company has a book value ratio of 0.9631.

Based on the recent corporate insider activity of 18 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.

Ladder Capital Corp. operates as a holding company, which engages in commercial real estate finance services. The company invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. It operates three business lines: commercial mortgage lending, investments in securities secured by first mortgage loans, and investments in selected net leased and other commercial real estate assets. Ladder Capital was founded on May 21, 2013 and is headquartered in New York, NY.