BTIG analyst Timothy P. Hayes maintained a Buy rating on Ladder Capital (NYSE:LADR) on Thursday, setting a price target of $12.5, which is approximately 4.60% above the present share price of $11.95.
P. Hayes expects Ladder Capital to post earnings per share (EPS) of -$0.11 for the second quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Ladder Capital, with an average price target of $12.7.
The analysts price targets range from a high of $14 to a low of $11.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $24.71 million and a net profit of $0. The company's market cap is $1.51 billion.
According to TipRanks.com, BTIG analyst Timothy P. Hayes is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.2% and a 58.13% success rate.
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.